[13 Nov 2020] 1. RZI looks good with good volume. 2. Has been consolidating for a while between 0.70 and 0.73 zone. which is very healthy sign. 3. Bulls are trying to take over, pushing the price up with force to high volume trade zone at $0.865 range. 4. Over all trend is up with confirmation. 5. Good buying position is 0.800 6. I think the first take profit should be as below: a. Fib level 0.786 at $0.845 b. Fib level 1 at $0.990
Note: Please note these are my notes for my own future reference. By no means trading advise to anyone. Please do your own research before entering into any trade.