RVNC : weekly divergence and Wolfe wave
A weekly RSI divergence and a Wolfe wave at the same time on
RVNC
biotech, good opportunity I think, with a good RR ratio.
Divergence also visible on Monthly timeframe.
I personnaly entered at $13.8, on the breakout of the double bottom.
It's currently testing its MM50
3 TP for this trade :
- TP1 : breakeven at $19.9
- TP2 : $29.9
- TP3 : wolfe wave 1->4 trendline
SL : $9.5
RR for TP2, which is my main target is 4
RVNC
biotech, good opportunity I think, with a good RR ratio. Divergence also visible on Monthly timeframe.
I personnaly entered at $13.8, on the breakout of the double bottom.
It's currently testing its MM50
3 TP for this trade :
- TP1 : breakeven at $19.9
- TP2 : $29.9
- TP3 : wolfe wave 1->4 trendline
SL : $9.5
RR for TP2, which is my main target is 4
Commento:
TP1 acheived, I'm now breakeven.