REEF is about to catch a wave!
REEF has been forming a cup and handle formation for quite some time now, and the lows in the handle appear to have established a base for the remaining handle formation. I put on this trade twice already thinking the bottom was in and was stopped out on two different occasions. I'm by no means reckless trader, but I'm going to be putting on another long position between the breakout level of .0015 and the high set today of .001643 when the chart looks right.
If we fall past the lower trend line on the handle formation, then the pattern may be null and void, so trade with caution.
Good luck!
If we fall past the lower trend line on the handle formation, then the pattern may be null and void, so trade with caution.
Good luck!
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