Thoughts:
While the RR here is well defined something to consider is the follow through going forward due to complete retrace of the recent RSI breakout we just had. I Suspect this will limit the size of the next move to occur; however I have only limited data on the subject matter.
Above the marked RSI level one might adopt the thesis that a new upward leg is beginning as a result of the newly begun RSI cycle. The reasoning behind the new RSI cycle, or rather "strength cycle", is due to overcoming the RSI level that led to the original break down in strength. Above this level the Stock in the near term should be in bull territory.
While the RR here is well defined something to consider is the follow through going forward due to complete retrace of the recent RSI breakout we just had. I Suspect this will limit the size of the next move to occur; however I have only limited data on the subject matter.
Above the marked RSI level one might adopt the thesis that a new upward leg is beginning as a result of the newly begun RSI cycle. The reasoning behind the new RSI cycle, or rather "strength cycle", is due to overcoming the RSI level that led to the original break down in strength. Above this level the Stock in the near term should be in bull territory.
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
-If you find this idea interesting please leave a like
-Follow for more
-Comments are always welcomed and appreciated
-Follow for more
-Comments are always welcomed and appreciated
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.