Maybulk completed its major wave 5 at 2.24 on April 14. It broke thru at the long term support trendline 1.88-1.89 on May 8. This pretty much confirmed wave 1,2.3,4,5 is completed.
It undergoes corrective wave 1,2,3 now.... price probably will trade within the downward channel with final corrective wave 5 at 1.60 area (61.8% retracement)
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