The Long Investor
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$MTPLF - RC -
🕑 Added 2025-05-22 12:25:42 +0000 UTCThis has gone parabolic over the last few days and although there can still be one more leg up to complete Wave 5 at the most extended Fib level at 4.618, it is not worth chasing.
All parabolic moves trigger panic selling as fast as it has risen.
Wait for the pull back below $8 before considering a position here.
Comments
Julien
Damm good call, maybe I will start a position today !!
Happylucky
What is the 5.618? Asking for a friend :’)
G4Golf
The amber fibs on the chart
AR
Thanks. What is a typical retraction for end of ABC correction after hitting 4.168 for wave 5?
