$RVN Confirmed Trend Break. Active impulse Wave in Motion
Raven did exactly what I said it would do today. This is an update to the same chart as before but on a shorter time frame. We have broken the downtrend and started a new
uptrend with this impulse wave up. I have forecasted a potential elliot wave count. Be careful as I am not a prophet or a sorcerer. I only call what I see. The only question is will we hold the .618 retracement from wave 1 or will Wave 2 correct down further. So far it appears that we care bouncing off of it. The next 15 minutes to one hour is crucial..If we bounce with convicting off of .618 then we are headed to 1.618. then down for leg 4 (never lower than the top of wave 1) and then finally a fifth wave. This is going to be a strong move if I am correct.
uptrend with this impulse wave up. I have forecasted a potential elliot wave count. Be careful as I am not a prophet or a sorcerer. I only call what I see. The only question is will we hold the .618 retracement from wave 1 or will Wave 2 correct down further. So far it appears that we care bouncing off of it. The next 15 minutes to one hour is crucial..If we bounce with convicting off of .618 then we are headed to 1.618. then down for leg 4 (never lower than the top of wave 1) and then finally a fifth wave. This is going to be a strong move if I am correct.