Polygon completes a higher degree correction, bulls back? [Video]

Gregor Horvat Wavetraders

Polygon with ticker MATICUSD is bouncing sharply after we noticed final stages of the wedge pattern within wave (C) of an A-B-C correction in higher degree wave 4. So, seems like wave 5 can be now in play, and we should be aware of more upside, especially if later breaks above 1,6 bullish confirmation level, just watch out on short-term pullbacks.

MATICUSD Daily Chart

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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