RDD Update following today’s bullish break - What next?
Following on from our last post, RDD had a beautiful bounce and break from the zone we identified at the time (Yellow circle). We also mentioned that we needed some other things:
- Volume
- Red trend line break
And the ideal scenario is the golden cross.
We’ve had most of the key ingredients here. And the daily candle had closed above, and retested as support now, which is a good sign.
The golden cross has yet to happen, and we’re close but no cigar just yet. See the red circle for where we’re at on that front.
We’re very happy with progress, and we’re more than happy staying in this trade targeting more significant upside.
Trade safe,
The Colonel xxx
- Volume
- Red trend line break
And the ideal scenario is the golden cross.
We’ve had most of the key ingredients here. And the daily candle had closed above, and retested as support now, which is a good sign.
The golden cross has yet to happen, and we’re close but no cigar just yet. See the red circle for where we’re at on that front.
We’re very happy with progress, and we’re more than happy staying in this trade targeting more significant upside.
Trade safe,
The Colonel xxx
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