RSR price had previously formed a strong upward momentum in wave A, after which a prolonged consolidation started.
At the moment the correction pattern in wave B (triangle) has gained clear boundaries.
Locally, the price has already crossed the boundaries of the pattern and formed wave 1 (within wave C), which has already been corrected by wave 2.
I have taken a long position, in anticipation of a bullish rally within wave C.
At the moment the correction pattern in wave B (triangle) has gained clear boundaries.
Locally, the price has already crossed the boundaries of the pattern and formed wave 1 (within wave C), which has already been corrected by wave 2.
I have taken a long position, in anticipation of a bullish rally within wave C.
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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.