Nov. 28 at 5:02 PM
$RLAIF GM Hope ya'll had a great Thanksgiving. This came down right to where I thought this wave would take it. Covered all the red candles back to the June low. Good news is did not break and make a lower low. Stoch hit the low, and now X'd up leading the price. MACD had now X'd yet. Now you see how close the 50 is to X'ing the 200 down. I expect that to happen in the next week or so unless something comes out. And from what I heard, I'm not expecting that. Now it has to make a higher high to move up. that means gaining the 50ema. Been a while. Again, something has to happen to move this. So far that has not happened. I think we get another lower high. X'ing the 50ema changes my mind, and the MACD has to X the 0-line to get that. You see how far away it is now.
I look at this as another binary event. X the 50ema sitting at .421 now, higher. Breaks the low of .0308, lower. Yea, a wide range. So moving sideways into a channel won't surprise me. Neither will a lower low.