Week 3 Line Charts Idea 3: MEBL RSI analysis

This analysis combines RSI (Relative Strength Index) analysis with Fibonacci retracement levels on the MEBL line chart to formulate a comprehensive trade plan.

Trade Plan:

Entry Price/Buy Limit: 209.02
Stop Loss: 194.40
Lot Size: 68
Take Profit Targets (TP):

TP1: 223.64 with Risk-Reward Ratio (RR) 1%
TP2: 238.26 with RR 2%

RSI indicates that there is no divergence, as it is parallel with the bullish trend. This supports the continuation of the trade plan based on Fibonacci retracement.
Chart PatternsHarmonic PatternsTrend Analysis

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