RSR Breaks Through a Key Resistance Zone (8H)

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Since the point where we placed the green arrow on the chart, RSR has entered a bullish phase.

It appears that we have either a Diametric or Symmetrical pattern forming on the chart, and the price is currently moving within wave C of this structure. Wave C itself also seems to be forming a Diamond Diametric pattern.

Wave F of C is expected to complete around the green flip zone, after which the price may enter wave G of C.

This move could potentially extend toward the red zone.

A daily candle close below the invalidation level would invalidate this analysis.

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