UnknownUnicorn5829673

UnknownUnicorn5829673

It seems to move between the 0.236 and 0.382 (local fib). From here we can find support on the 200MA and start a new rally or test the bottom of the range again, both are good OB's imho. As you can see the support/resistance (S/R) line around €49,32 changes the bias for over a year now. DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only...

UnknownUnicorn5829673

It seems to move between the 0.65 and the 0.236 (fib local high/low) and now testing the 200MA. From there we could build another rally and escape the current range or go back to the lower range. There's a S/R line around 49.72 which flips bias between support and resistance for over a year now. DISCLAIMER!!! I'm new to analysis since November 2019 and this idea...

UnknownUnicorn5829673

Are we ranging for another strong move to the upside? There seems to be a range between the local bottom and the 0.236 (of the local high). After a running flat correction we could enter the triangle correction until the first motive wave, stay tuned! !!!DISCLAIMER!!! I'm new to analysis since November 2019 and this idea is only for the purpose of sharing ideas...

UnknownUnicorn5829673

After former channel we moved into a new possible range. Renault is taking its time to move up and seems very healthy doing so. After an outbreak to the upside with backtest on top of the channel, we can move up to the 0.236 (orange line) and negotiate with the 200MA. In the meanwhile we could be ranging with a good buy opportunity on the bottom of the channel....

UnknownUnicorn5829673

On the 1H there's a confluence of the upper pennant, 0.236 (fib of local high/low) and the 200 MA. If support holds I foresee good gain perspective, when it breaks we might test the bottom again which has been very consistent and moving up slowly but strong! As we are nearing the end of the apex the odds are looking good and there's space on the RSI for upward...

UnknownUnicorn5829673

A probable Cup 'n Handle in the making on a high timeframe which is inclining a following downtrend in the very near future but a strong uptrend, when the handle doesn't retrace more than 30%, on the long term. !!!DISCLAIMER!!! I'm new to analysis since november 2019 and this idea is only for the purpose of sharing ideas NOT investment advice, therefore any...