MDB: on the way to next resistance zone at: 550-640

MDB price follows an impulsive structure from its Nov22 lows nicely.

Until price holds its Oct's lows, my main interpretation of the price structure suggests move to next macro-resistance zone: 550-640 in 2024.

Suggested price structure needs to be revised if price breaks down bellow 288 and above 640.

Kommentera:

Price is still holding its upside potential as per main interpretation suggested previously.

The next upside wave could be considered as a potential ending diagonal, where wave 4 could retest the break-out territory of wave 1.

Until price holds its January lows this upside potential is intact. Breaking bellow it and suggested price structure needs to be revised.