Now is the test..........if it continues to chop sideways (which is ok) or break above or fade lower. Larger time frame puts more weight on higher levels but lets see if PA backs that up.
Larger time frame.
Very similar set up to MP1
Yes I know different industry but the PA is similar.........both with ATH in the impulse up and deep deep consolidation down and turn. Note I'm not calling a bottom here just great RR. Just a matter of chewing up time for the co to recover FA wise.
PSQ Chart, page-20
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