MPC - Upside swing [ 1 to 3 months ]

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MPC - Upside swing [ 1 to 3 months ]Marathon Petroleum CorporationBATS:MPCCreedxx1. Downtrend line of 11 months is broken - Price gapped up, and sustained above Fib 38.2% and 50%. - This concludes the end of bear trap and the switch from bear to bull trend. 2. In the last month, weak selling pressure is noticed. - Rounding bottom above previous 1D resistance at $171.50 - Closes are creeping near to Fib 61.8% - Flipping to bullish stance 3. Entry points EP 1 - buy spot with 1 or 0.5 size EP 2 - Enter another 1 or 0.5 size if closing prices stay above Fib 50% at $164.8