Long
$REN - Looks like we might have bottomed out here.
It's a bit weird because both wave 2 and 4 were deep.
Correcting in the .786 area would take us into Wave 1 which is highly unlikely. This adds to the confluence of this being a reversal. My SL would be placed below the .786 region if I were to enter.
Correcting in the .786 area would take us into Wave 1 which is highly unlikely. This adds to the confluence of this being a reversal. My SL would be placed below the .786 region if I were to enter.
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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.