$RLX
Added 2025-02-05 20:08:36 +0000 UTC$RLX has been consolidating here sideways since the middle of December without dipping as low as the 0.38 Fib at $2.06, which is also where the 50 Day MA is right now, so a consolidating range like this is common in Wave 4 as buyers step in on any dips, which is a show of strength.
So for me, any break above the 1.618 Fib at $2.32 and holding will trigger a confirmation of Wave 5 for me to $2.77
Impulse structure remains good here.
