Roundhill Magnificent Seven ETFViés de baixa
$MAGS Repeating History? - Nasdaq Oscillator Flashes Caution
📉 MAGS (MAG 7 ETF) is showing striking similarities to its previous top, right before a 30% drop. Both price action and the Nasdaq Oscillator are echoing that same setup.
🔍 Key Observations:
Price has rallied into a confluence of resistance near the previous breakdown zone.
The Nasdaq Oscillator has returned to a historically high reading – the last time this happened, MAGS topped and dropped hard.
A similar structure could suggest a -30% move, targeting the $32–$33 range.
⚠️ Caution: We’re in a potential bull trap zone. Unless we break cleanly above the red trendline and consolidate, this rally may be short-lived.
🧠 Smart money may already be unloading into this strength.
MAGS (MAG 7 ETF) is showing striking similarities to its previous top, right before a 30% drop. Both price action and the Nasdaq Oscillator are echoing that same setup.🔍 Key Observations:
Price has rallied into a confluence of resistance near the previous breakdown zone.
The Nasdaq Oscillator has returned to a historically high reading – the last time this happened, MAGS topped and dropped hard.
A similar structure could suggest a -30% move, targeting the $32–$33 range.
⚠️ Caution: We’re in a potential bull trap zone. Unless we break cleanly above the red trendline and consolidate, this rally may be short-lived.
🧠 Smart money may already be unloading into this strength.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.