$MTL - price analysis request:

The weekly view is bearish🚨
The daily price remain stuck below many big resistances and the main downtrend.
It seems to be moving into a giant falling wedge pattern!
We can therefore anticipate a big pump when the downtrend breaks, but when?? 👀

Regarding the current price it's very neutral and stuck between the 0.950 $ and 1.035$ levels.

➡️The short term price is bullish and sitting above the H4 support., so we can expect another pump toward the main trend!
At the moment it's difficult to have a clear signal, but a possible scenario can be a retest of the 1.050$ level (double top), before another dump to retest the 0.850$ - 0.880$ zone.
As we're bearish on HTF and under heavy resistances, I still think we're likely to see another dump (mid term)🚨

➡️On the weekly view, a double bottom on the $0.600 - 0.650$ zone seems possible. If this happens, it's a very big support for buying! (4st chart) !

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