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...
Trying a long position on COINBASE:BTCUSD with this confluence of elements, but only with half of my usual risk, as it could retrace more.
We have a :
- H4 RSI divergence
- inverted shoulder/head/shoulder validated by breakout of weekly pivot and currently retesting it
- it happens on 50% fibonacci retracement of big previous uptrend
H4 chart :
I shorted NASDAQ:AKAM at US open on a validated weekly divergence on top of a wolfe wave.
TP1 is 50% fibonacci retracement
RR on TP1 : 1.7
RR on TP2 : 4
