RCL: Set For A Bounce?

RCL is a pick from one of my followers and sure it is setting for a bounce ladies and gentlemen but and here is a big BUT for RCL, the move will be just on the 4hrs TF even tho the Daily will also be Bullish in a couple of days, but the Daily will short lived due to the current Weekly TF downtrend direction , meaning target will be just above the $280 mark. so just make some money and get out don't fall in love with it, NOT just yet. w
We will follow the move for any change on the Weekly.

Play it right....................Play it safe......................Play it The Numberfive Way.

Boost........................Follow......................Share...............Comment.

3 days ago

Trade active

RCL 4hrs TF bullish setup is in place again ladies and gentlemen but this TIME is near our $240.00 buy zone.
The Weekly TF still in Bearish mode so this coming bounce will short lived , first target will be the 4hrs TF Zero Line and if it holds firm above it then 2nd target of $275.00 will be on the table.
RCL will have around 2 weeks to get to those targets then will retrace again to test to the recent low..
NO long term positions on RCL should be taken yet only swing trades and once we see that The Weekly TF starts changing its downtrend structure to the upside then and only then long term positions should be taken.
Buckle up ladies and gentlemen RCL wild rides are coming.

Numberfive

Trading The Numberfive Way

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.

Numberfive

Trading The Numberfive Way