Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
According to my last analysis of ROSE, attached on the chart, we can see that the bulls took over from a long-term perspective after breaking above the 0.055 resistance.
ð After breaking below the 0.11 major low in red, the bears took over in the medium-term.
Currently, ROSE is bullish in the short-term, undergoing a correction phase inside the rising blue channel.
ðđ For the bulls to regain full control, we need a break above the 0.15 previous major high in blue.
ð Conversely, the bears would take over and initiate the next bearish impulse movement if the previous low at 0.11 is breached downward.
ðđ Buy
ROSE
, not a rose; it is cheaper and a longer-term investment.
ð Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
According to my last analysis of ROSE, attached on the chart, we can see that the bulls took over from a long-term perspective after breaking above the 0.055 resistance.
ð After breaking below the 0.11 major low in red, the bears took over in the medium-term.
Currently, ROSE is bullish in the short-term, undergoing a correction phase inside the rising blue channel.
ðđ For the bulls to regain full control, we need a break above the 0.15 previous major high in blue.
ð Conversely, the bears would take over and initiate the next bearish impulse movement if the previous low at 0.11 is breached downward.
ðđ Buy
ROSE
, not a rose; it is cheaper and a longer-term investment. ð Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich