Short

RESERVED RIGHT (RSR) MORE CONTEXT

On the daily timeframe analysis

RESERVED RIGHT (RSR) - FIRST SCENARIO - BULLISH

I talked about how we might be seeing 170% gain coming weeks but then I want to call your attention to the possible right entry here.

The supposed wave 3 on the daily timeframe might be 5 because the Fibonacci Extension to that point is 300% which I would say is over extended for a wave 3 as opposed to the 168% and if 200% which in this case we got.

So I am considering this new bearish price action to be the beginning of a larger degree wave 2. meaning on midterm is bearish and we will have to wait for price to drop further down before entering.

DewyCandles

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