rvn long swing ~
rvn is flashing a daily algorithmic buy signal today,
usually a daily buy signal is the key indication for a big move up
might consolidate a few more days, but it's coming.
after the initial 5 waves up rvn saw a simple zig-zag into a shallow wave (2) of a higher degree.
looks to have been in a leading diagonal ever since that low into a wave 1 until the recent dip which hit the golden zone perfectly into wave 2.
sub-wave 3 target = $0.24, but i'll be exiting at the 100% extension most likely at $0.17.
taking profit at every fib level is the plan, might leave a runner after the 100% extension if the indicators look good.
usually a daily buy signal is the key indication for a big move up
might consolidate a few more days, but it's coming.
after the initial 5 waves up rvn saw a simple zig-zag into a shallow wave (2) of a higher degree.
looks to have been in a leading diagonal ever since that low into a wave 1 until the recent dip which hit the golden zone perfectly into wave 2.
sub-wave 3 target = $0.24, but i'll be exiting at the 100% extension most likely at $0.17.
taking profit at every fib level is the plan, might leave a runner after the 100% extension if the indicators look good.
Trade active
Trade closed: stop reached