RUNE: Will the pattern repeat again?
In continuation with my previous post on Rune , there's this repeating pattern with Rune.
This pattern had repeated twice.
Check the chart for S1,S2,S3,S4, they are the support lines.
Right now S3 support line is broken and the price is heading to S2.
We have similar fall in price from S3 to S2 twice.( Marked as point A & B in the chart above) (Possible Short term swing trade)
Whats interesting is that once price reach to S2 (level A), there is a bounce to S3 ( level B). Then from S3(Level b) price goes down to S1. (A possible short)
When price hits S1 then we can see a nice bounce to S4. ( A good 50% long position)
Will the same pattern repeat again?
Lets wait and see.
Please make your own analysis before making any trade.
I have tried my best to explain this here. What do you thing about this?
This pattern had repeated twice.
Check the chart for S1,S2,S3,S4, they are the support lines.
Right now S3 support line is broken and the price is heading to S2.
We have similar fall in price from S3 to S2 twice.( Marked as point A & B in the chart above) (Possible Short term swing trade)
Whats interesting is that once price reach to S2 (level A), there is a bounce to S3 ( level B). Then from S3(Level b) price goes down to S1. (A possible short)
When price hits S1 then we can see a nice bounce to S4. ( A good 50% long position)
Will the same pattern repeat again?
Lets wait and see.
Please make your own analysis before making any trade.
I have tried my best to explain this here. What do you thing about this?
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