RELX is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend or pullback to supply zone for entry, stoploss at last swing high with target at bottom of wedge also could be a bigger move if breaks down out of wedge so will be using a trailing SL if it gets there, moving SL to BE when safe to do so.
RELX has performed a liquidity sweep above previous ATH and is setting up for a lovely example of what I like to call a bullet catch pattern. The catch is considerably wider than the impulse move (bullet). The street trapped retail traders above the ATH in longs and can now flush this thing. The key here was the candle BODY close below the orange line. That was...
Not one that we are trading at present, but a decent ascending range for any swing traders looking for a scalp on a 4hr or daily timeframe to the top of the range in the coming days - depending on gov news and FTSE reaction.
RELL offering a good buy opportunity with very little room for downward movement (based on previous price action). While the Trendline break on 11th October indicates a sell, It was caused by the downturn in most public stocks during the Month of October, and is being viewed as a buying opportunity. It remains below most moving averages (50, 100) meaning there is...
The consolidation pattern (triangle) on the daily chart has formed just above the cloud support on the weekly chart. Triangles are often - but not always - continuation patterns, especially when forming within a strong trend, in this case a down trend. In other words, we expect the triangle to lead to more weakness over the coming days and weeks. Dipping below...
