MPI has been going down for many weeks now. It has broken the support for the possible double bottom and recently broken the 127.2% Fibonacci Retracement level. With greater bearish sentiment hovering MPI, this may touch 4.06 soon.
Ichimoku elements are all telling us MPI is in a downtrend. Also, notice that our chance for MPI to spike to 4.5 is now very slim since the Kijun Sen line has finally bent down after few days of moving sideways.
Caveat!
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