Rumble Divergence Update and other ideas

2023년 7월 12일

Hey Folks!

I think Rumble will gain more buzz next month, for now still floating under the radar.

No news from the company since June 20th. It was positive news regarding RFK Jr. joining the platform, but the chart is dying for some material news.

Overall, I think the macro looks balanced for a move, but needs to pick a direction.
Each micro pattern seems at odds with the other and has made the chart fairly challenging to dial in. I see proportional divergences bullish and bearish after one another with the slightest nuances. You can learn a lot from this price action.

The extended inverse Head and Shoulder is a little bit of a stretch i know, but it has potential. I didn't notice it until I inverted the chart.

I had orders fill in mid 8's today, not bad. I'll close the positions if strength breaks under 35 on the 1hr. Since most of the liquidity is parked at $12, that will be my Profit Target.

Thank you for your time!
Happy Trading!
OnePath