Week 3 Line Charts Idea 3: MEBL RSI analysis

This analysis combines RSI (Relative Strength Index) analysis with Fibonacci retracement levels on the MEBL line chart to formulate a comprehensive trade plan.

Trade Plan:

Entry Price/Buy Limit: 209.02
Stop Loss: 194.40
Lot Size: 68
Take Profit Targets (TP):

TP1: 223.64 with Risk-Reward Ratio (RR) 1%
TP2: 238.26 with RR 2%

RSI indicates that there is no divergence, as it is parallel with the bullish trend. This supports the continuation of the trade plan based on Fibonacci retracement.