The break of the green descending trendline is giving RONIN a nice move to the upside.
In my primary count, we are currently in the final stages of blue 3. Corrections for blue 4 are buying opportunities.
At this moment it is not clear to me if this is a correction (black ABC) or impulsive wave (black 12345). The lack of RSI divergence on the August low gives me a small bias for a correction.
In any case, the 2.40 to 2.50 zone should offer resistance, for black wave 3 or C.
In my primary count, we are currently in the final stages of blue 3. Corrections for blue 4 are buying opportunities.
At this moment it is not clear to me if this is a correction (black ABC) or impulsive wave (black 12345). The lack of RSI divergence on the August low gives me a small bias for a correction.
In any case, the 2.40 to 2.50 zone should offer resistance, for black wave 3 or C.
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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.