Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

Polygon MATIC Price News Today - Elliott Wave Technical Analysis Update, This is Happening Now!

Foreign [Music] Welcome to another update video about Medic polygon Matic it continues to be a Chart that allows for both Interpretations both an immediate Bullish one or a delayed bullish one However not really a bearish one it will Only get bearish below 47 cents been Saying that for many many weeks Um Matic is one of again still one of The best charts out there in my opinion It is the chart where I believe that we Will not see the June lows again that View of course can change should we drop Below 47 cents but at the moment we are Holding that level and we are way above It so there is no imminent risk of Losing the 47 level we are still in a Situation where either with one was in Here And Wave 2 was let me think Wave 2 was In here And we're now already in a third wave And had here another one two setup of Some sort it's not a great chart it's Not a great chart but it would allow for A direct breakout from there in the blue Count so that's one way of looking at it This is not my primary expectation yet But I wouldn't give it the direct Breakout here from here I would give it Around maybe 40 percent probability

My primary expectation for now still is Yes this was a wave one and we had an ABC pattern here and the C wave is still Unfolding and we have a one two three Four five pattern here in wave C that Should ideally take us down a bit lower Into the yellow support box for this Wave too and only after that we have a Chance to Rally in a wave three so these Are the two possibilities Um for me it still points rather to the Downside but we need to be open here for The idea that maybe we get the direct Breakout from here it's not the most Likely pattern we made a double bottom Here Double bottoms are not very reliable Normally they are more like retail Trader patterns that market makers use To yeah to manipulate basically Um and to go actually the other way However of course they can sometimes Work out in this case it looks like it Might work out it's a bit too early to Say that personally I would like to Observe this a few days both Possibilities are clearly there so Either we go up from here in the in the Blue count it would work out as follows Here wave one here wave two and then the Wave three next we are basically in the Wave three that would need to take us to Around one dollar one dollar one Um that's the 1.618 extension then there

Should be a wave four and a wave 5. this Would finish off a wave one of the Higher degree Wave 3 okay Um so there's absolutely no reason to Panic if anybody missed it or thinks you Know if you think you missed it or Something Right breathe nope no reason to panic Because this is not going to go straight Away to two or three dollars right this Would be a five wave move which ideally Would then come down in an ABC again so Basically a one two setup and the wave Two could be purchased again if you want To go long okay Um that's just my view and the advantage Of waiting for this one two setup to Play out is that we get greater Clarity Which wave pattern we're actually in Um at the moment very clearly what we See at the moment coming up is just a Three-way structure Which would be this wave being white a b C in wave B which would be followed by a C wave down How would I know which is most likely to Play out so again Primary expectation is still down here 60 probability A good indication that we are breaking Down is if we lose this high this swing High here of 89 cents I think if we go Below 89 cents in the next few hours or Days it's a good indication that this

Movement is not going to play out okay And then we would follow through and Probably break below 80.7 cents and then Lose the 76 Cent level as well However if we now reach one dollar and One Hold away four support and get another Wave up that's a very clear indication That we're not in a b wave but that this Indeed is already the Breakout I would wait then for the retracement And go long that's my update about medic Hope you like the update if you did Please hit the like button leave a Comment and subscribe and if you really Like the content and please check out The channel membership thanks a lot for Watching bye [Music] Thank you

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