MBLY setup for near 2x!

After a large correction completed post IPO MBLY got 5 waves up and a 3 wave retrace, it now has a wave 1 of a possible larger (3) and ideally retraces back to the low 40s as 2 before heaing up to 70s in a 3rd.

Avi Gilburt is founder of ElliottWaveTrader.net.