RNFT is highly overbought and we must give time to let it to build up an energy a bit.My prediction is that it can find a bottom somewhere near 195.
Does not constitute a recommendation.
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Note
30% of the path to the goal complete. Good dynamics. Note
2 possible conclusions.1. 2/3 of the line stayed backward.
2. bottom touched and time to move came.
Trade closed: target reached
Bottom achieved, road to the long position opened.Closing current idea.
Note
Closing this idea. Goal reached. Will open the new one for the short or for long once it will be more clear where it is going to move.Trade closed: target reached
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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.