MAGIC Rebuy Setup (4H)

This analysis is an update of the analysis you see in the "Related publications" section

The price didn’t reach our red zone for entering a Sell/Short position, but the trend reversal outlook on MAGIC was correct.

We are now looking for a potential Buy/Long position near the support zone.

We will only enter a Buy/Long position if the price touches the green zone.

Targets are marked on the chart.

A daily candle close below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You