NEPT Channel S/R, Renko

٧ مارس ٢٠٢١

Testing out the Renko chart style on its accuracy in determining S/R areas. NEPT has recently formed a double top, though we appear to be at the bottom of the V and we could see more upwards action. I am very curious to see how price action continues with the Renko style applied - how that translates, etc. - and if the effectivity of the Renko style can be compared to other styles.