Simples... Nice run up into HTF resistance so expect pullback and price action painting a descending triangle. I could go into far greater detail but where's the fun in that! Accountability.
XETR:RRU My current trade - Entry at around 1€ #DYOR *This chart is not a buy/sell recommendation.
Decision: Long. Longterm Accumulation. Ticker: RR Entry: 1.05
This post is to demonstrate a variety of trading techniques and relationships amongst similar patterns. Although this is focused on RYCEY, I provide reference to RTX as a representation of airline engine manufacturing and reference the 2018 BTC consolidation. Lately I've been studying the Wyckoff Distribution and found eerie similarities that are worth sharing. ...
The name Rolls Royce is synonomous with quality. The daily hammer with a stop loss just under 740p will surely attempt to fill the gap to 860p ?