Long
RVNC : weekly divergence and Wolfe wave
A weekly RSI divergence and a Wolfe wave at the same time on NASDAQ: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
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
Note
TP1 acheived, I'm now breakeven.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.