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MGL - SHORT SETUP
MGLBEARISH SETUP - Breakdown from a rising wedge pattern with massive volumes supporting the bearish momentum.
Also the distribution phase can be clearly spotted with dried up volumes and a sudden breakdown with huge volumes confirms the charge of bears, thus a good downside move can be seen in next few trading sessions.
View: Short on confirmation (once RS breaks zero level from above)
PS: Trade with caution or wait for some more price action.
Diclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
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