Short for REYN - Bollinger Analysis
Strong bearish candle
Upper band penetration
Broken support level
Upper band penetration
Broken support level
Trade active
The bearish candle low was broken.We are in the trade.
The Bollinger middle band now acts as a resistance.
I expect the sellout to continue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.