$mrc weekly 2y analysis

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Hindsight is always awesome.

MRC first signal was August 2016.

Second confirming signal on September 2016.

In both cases, waiting to buy in the consolidation after the weekly breakout worked. Entries at the low of the breakout candle.

The third breakout has yet to conclude whether it will fall back to the breakout low of 0.213 or do another breakout.

Coincidentally or maybe by choice, breakout highs 0.148, 0.248, 0.480 all ended in “8”, a Chinese lucky number.

Throughout MRC’s life, trading volume nowadays are the most prolific. Perhaps it’s time for it to break that multi-decade trading range?

Only time will tell.

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