Redbox´s rise from February lows look like a leading diagonal, which is the first step of a larger impulsive cicle.
Currently I´m considering that we are finishing wave A of the correction, which was a pretty steep one, reaching 50% retracement. It´s still early to make projections on the correction, since the behavior of wave B is most relevant.
The end of this correction would bring a very strong move up, with potential for 5x+ gains.
Currently I´m considering that we are finishing wave A of the correction, which was a pretty steep one, reaching 50% retracement. It´s still early to make projections on the correction, since the behavior of wave B is most relevant.
The end of this correction would bring a very strong move up, with potential for 5x+ gains.
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