Rolls Royce - Are You Ready For The Ride?

9. Apr. 2021Hello everyone, if you like the idea, do not forget to support with a like and follow.

RRU formed an inverse head and shoulders pattern, but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the neckline to buy. (gray area)

Meanwhile, until the buy is activated, RRU would be overall bearish and can still trade lower.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich