- Potential reversal play for $RAY
- Based on MACD histogram divergence (Jesse Livermore method).
Will take profit around the confluence zone of Fibonacci extension and price resistance zone ($2.83), SL @ $2.50 (5% risk)
Risk to reward ratio at 3:1
- Based on MACD histogram divergence (Jesse Livermore method).
Will take profit around the confluence zone of Fibonacci extension and price resistance zone ($2.83), SL @ $2.50 (5% risk)
Risk to reward ratio at 3:1