In daily timeframe , MTL has been making a healthy pumps with a proper retrace. Today’s daily candle lowest is exactly at the golden pocket of weekly Fibonacci Retracement . This indeed is a good sign.

However, the resistance above is going to be stronger than other resistance. It is the weekly resistance level . Even tho there is still a bullish case in lower timeframe data, I would like to assume that we will see another healthy retrace to the $2.5~$2.6 area before breaking above the weekly resistance. That level need to maintain properly. Otherwise, it will be considered as a reversal in daily timeframe .