REN Weekly Bullish Divergence
Updated
Weekly:
Bullish div on MACD-H, MACD lines, EFI, and EFI ATR channel divergence. Stochastic RSI is turning up. EFI is entering bullish territory.
Daily:
Daily is turning down after an upspike. I would like to see Stochastic RSI crossing back. It seems the Value zone will hold as support, but waiting for confirmation of that. There was a nice bullish div on the daily and it made a high. Not it has retracted to the value zone, and if this holds, I'll buy . EFI is at the zero level.
I have not entered, I would like to see Stochastic RSI turning back, or get into a good setup on the 4H chart. I will update when I have entered.
Entry: below 0.119 (I'll try to find an entry on the 4H or daily setup)
Target 1: 0,356
Target 2: 0,402
Stop loss: 0,0795
R/R:
TP1: 1:5,7
TP2: 1:7
Bullish div on MACD-H, MACD lines, EFI, and EFI ATR channel divergence. Stochastic RSI is turning up. EFI is entering bullish territory.
Daily:
Daily is turning down after an upspike. I would like to see Stochastic RSI crossing back. It seems the Value zone will hold as support, but waiting for confirmation of that. There was a nice bullish div on the daily and it made a high. Not it has retracted to the value zone, and if this holds, I'll buy . EFI is at the zero level.
I have not entered, I would like to see Stochastic RSI turning back, or get into a good setup on the 4H chart. I will update when I have entered.
Entry: below 0.119 (I'll try to find an entry on the 4H or daily setup)
Target 1: 0,356
Target 2: 0,402
Stop loss: 0,0795
R/R:
TP1: 1:5,7
TP2: 1:7
Note
REN formed a good higher low and stoplosse can be raised to 0.112, slightly below entry level.
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