REN is in a great position to spike up to resistance and then fall down and probably break through support. This assumes that (5) has completed.
It is worth noting this is a pretty aggressive and risky reversal trade since there is a triangle that broke out to the upside and there may also be an inverted head and shoulders forming.
It is worth noting this is a pretty aggressive and risky reversal trade since there is a triangle that broke out to the upside and there may also be an inverted head and shoulders forming.