MDA: Break Out or Die!

Hi friends! Welcome to this MDA chart analysis

MDA is on a very nice Symmetrical Triangle formation that has started to form 3 months ago. The pattern height is very tall so expect a huge target once direction of the breakout is confirmed. This will likely give 140% maximum profit. The tricky part is that the breakout could go either way. A breakout from the resistance will trigger a buy signal while a breakout from the support will likely trigger a massive sell off.The price action is very close to its apex, so we are expecting a breakout within 6 to 7days.

A breakout from a Symmetrical Triangle is usually a very explosive and profits can be expected to come fast once the direction of the breakout is identified. Timing on the entry is critical.

This is just a guide, not a trading advise.

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Thanks

-Your Poop Trader