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charterman
Feb 27, 2018 10:27 AM

Triangle meets fib time zone: RDD a buy? Short

Description

RDD is tightening.

It has found strong support and been travelling horizontally.

It has also dropped to 60% fib retracement from last wave.

Fib time zones indicate a change at precisely the tip of the triangle.

Keep an eye out.

As the market is currently going up, and technicals indicate a good buy, I'm leaning towards a positive turn.

Comment

Right about the change, wrong about the turn

RDD has dipped at the fib zone, possibly following BTC for a short time.

support due at around 68, 78 and 100% retracements
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