RECLTD formed a falling wedge pattern on daily chart. Looking at the angle at which the pattern has formed one can expect a slow climb towards the target. Moreover price has tested multiple support and resistance point that would act as a good support for price when it goes down. Both bullish swing and bearish swing were equal in power so skipping this one. Still a good risk reward but lots of other opportunities out there.
Hope you liked my idea. If you do, please boost this idea or leave a comment below on what you think. I'll be glad to hear form you. Otherwise, happy trading :-)
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.