$REL - Broadening bottom / Wedge
Real nice Falling wedge here on REL, with a local Broadening bottom.
We are currently breaking above the range low, and would want to see a checkback to confirm support, but above this level, we're looking for .02, and then likely an extension into .027 ish at the local 1618.
From there, the major target is going to be the 618 at .044-.-05, and ultimately the measured move of the falling wedge at .064 if it continues.
Real illiquid, but these often perform well once they get that range recovery. invalid with a new low under the last 2day session.
We are currently breaking above the range low, and would want to see a checkback to confirm support, but above this level, we're looking for .02, and then likely an extension into .027 ish at the local 1618.
From there, the major target is going to be the 618 at .044-.-05, and ultimately the measured move of the falling wedge at .064 if it continues.
Real illiquid, but these often perform well once they get that range recovery. invalid with a new low under the last 2day session.
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