$RLX - WATCHLIST -
Added 2025-01-08 17:40:09 +0000 UTCThis is the first time I have added in the impulse count on this chart because I was only working on traditional technicals to this point because it was been clear and simple.
But I was not expecting it to be this clean but not surprised as always with EWT.
Wave 3 hit the 1.618 Fib perfectly and pulled back and the 2.618 Fib aligns perfectly at our First Target level for Wave 5.
So we have two separate forms of Technical analysis aligning perfectly
This always excites me.
Price hit $2.12 today, just 1 cent above the ascending triangle breakout level but if the 0.38 Fib is tested at $2.03, I would have no issue with this as this is the standard Wave 4 level to test
Holding above $2.03 and I expect $2.77 next.
I am considering an add here shortly
