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ptero1492
Jan 6, 2021 12:50 PM

Rio2 - Initiated Long

RIO2 LIMITEDTSXV

Description

Long into the end of March, expecting a vacuum to test the longer-term gap, outlined in orange (base @CAD1.9) before re-test and resumption in late August.

Dates determined from COPX window, outlined in a previous post.

Constructive criticism welcomed.

Comment

Some warning signs appearing, channel broken and backtest complete. Down for now.

Comment

Waiting for a catalyst to re-establish a strong base above that upper band of volume defined resistance at .85

Comment

BT of the breach through the daily channel.. we may see a raid into the .58 area, a really strong support, I may average down into this area.
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