ITA: Not Looking Good for MEG

It’s not looking good for MEG at this point.

After a confirmed downtrend, a descending triangle, accompanied by contracted volume, has been in the works for MEG. At current conditions, prices must hold above 1.9 or we could be seeing 1.6-1.7 soon. On the other side, a convincing break above 2.05 is needed to break the bearish pattern. We could be seeing these big movements from MEG quite soon.

>> God is good all the time 🙂