My View , by looking at the chart, RGTBHD (TF DAILY)
- uptrend mode, direction UP (ride til bend (lifeline on 3 redlines)
- now retrace to nearest Support, in this trade idea is the EMA7(S1), EMA21(S2) and last at the LIFELINE (3 layer or red EMAS)
- the price relatif (indicator below) also on retrace and currently have stayed for a long time at top.
SIMPLE VIEW ON IT..
AFTER A SERIUS OF UPTREND *EPISODE, FOLLOW BY A BIG CORRECTION, (ALMOST 3 LVL OF R) THEN TRYING BACK TO THE INTACT WITH MEDIUM MODE AS IT APPROACHING THE 295/300 LEVEL.
BREAK THIS LEVEL OF R, WILL TREND FURTHER, AND NEED ANOTHER BEND BEFORE HISTORY REPEAT ITSELF..
IF NOT, THEN ITS JUST A HIT N RUN ; THE CONCEPT OF SELL REENTRY (BUY FOR...
WITH ALMOST A YEAR PRICE IS PLAYING BELOW THE MID TERM RANGE, NOW SURGE UP AND BREAK THE TREND
STILL WEAK, BUT REFERS TO VOL THAT CAME IN, IT WILL TRY TO TREND FURTHER. NEED TO BREAK THE TL AND 365 LEVEL TO INTACT UP AND CHANGE THE MINOR TREND
MODE ; UP
TREND : BEAR