RAC - Charts & Price Action, page-4934

Everyone needs to calm down. The RAC SP is outperforming historic movements and it is not even close.

The purple arrow indicates the 78%FIB, which is an indication of retracement from a high. You can see on the left fib retrace that the candles broke that line within 10 days of hitting the top. The current consolidation still hasn't breached that mark. The Red arrow indicates where the bottom of the prior run. You can see by the red arrow on the right that we have a LONG way too go. Buyers keep stepping up because anything below $4 is worth it. More to the point, if you look back on previous retracements, they were even larger than the one on the left. More and more buyers are waking up.



Also, RAC SP is honoring historic price movements. Look at the section below - it is called the MACD. You can clearly see the 4 waves. Each new wave is bigger than the last with the biggest wave having been our current one. We are nearly finished it. Also, note how much closer the waves are getting. This indicates new waves are starting sooner. Will the next wave be bigger and start sooner than the last? I think so.



The amount of data that has come out and is expected to come out will be a major catalyst. We are in our transformational phase. Hold tight when this thing goes!

All IMO - DYOR