Maps has made a parabolic move to the upside almost 12X in just 54 days. But if you look at the larger picture it has been in a downtrend. Its been making lower highs. Also made a lower low since the beginning of the chart. This recent move also looks like a 3 wave move to me.
Currently its sitting near trendline resistance. This is also a important Fibonacci level. In a ABC correction when A is overextended then C is usually .618 of A. And its sitting right on my expansion fibb level see the pic below
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.