REN/BTC textbook retracement almost complete!
REN/BTC
An impulse occurred in a 5 wave structure. Next we had an ABC correction that has retraced to the .786 fib level already and is most likely done, if not then it will finish very soon with a small lower low into the buy zone.
After a 1-5 up and an ABC down we get another swing up to a Higher High.
Its hard to tell if this is a LARGE ABC or a LARGE 1-2-3 being formed right now. So we have 2 Take profit orders. Close 30% on the first, close 50% on the second and hold the last 205 of your orders for any extreme pushes.
An impulse occurred in a 5 wave structure. Next we had an ABC correction that has retraced to the .786 fib level already and is most likely done, if not then it will finish very soon with a small lower low into the buy zone.
After a 1-5 up and an ABC down we get another swing up to a Higher High.
Its hard to tell if this is a LARGE ABC or a LARGE 1-2-3 being formed right now. So we have 2 Take profit orders. Close 30% on the first, close 50% on the second and hold the last 205 of your orders for any extreme pushes.
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