Please comment on my idea. Thanks.
Raven had a huge rally couple months back and lately it has entered a long period of consolidation period which is actually a good thing.
It tried to breakout to the upside couple times in that period but can not. Therefore one should definitly wait 1-2 candle to close above the trendline before entering any trade. Also yesterdays volume was pretty good but cant manage to breach the trendline and now volume is decreasing. Therefore caution is advised before entering this trade.
Good luck and be responsible with your hard earned money!
Always watch out for opportunities but be carefull.
It tried to breakout to the upside couple times in that period but can not. Therefore one should definitly wait 1-2 candle to close above the trendline before entering any trade. Also yesterdays volume was pretty good but cant manage to breach the trendline and now volume is decreasing. Therefore caution is advised before entering this trade.
Good luck and be responsible with your hard earned money!
Always watch out for opportunities but be carefull.
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