MEG update on potential harmonic pattern

Megaworld Corporation

MEG has hit today the PRZ (Potential Reversal Zone) of the Bullish Gartley harmonic pattern at 3.39 (3.37~3.42 range).

The relatively longer candlestick today with an above average volume may also signal an exhaustion of the current downtrend.

*Observe for a reversal patterns at the PRZ.
*There is still a possibility of the price action to fully test the PRZ area.
*If the downtrend continues beyond the PRZ, it will likely invalidate the Gartley harmonic pattern.

See previous analysis for reference that includes consensus and trading plan:
https://psetrends.blogspot.com/2017/03/meg-potential-bullish-harmonic-pattern.html




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