Thread by @arcabulls

$RDBX-Before We Run PT 1: We have touched down at the bottom of both our channel and ascending triangle formations. Keep in mind that this drop has been spoken of for days now and we're pretty much where we said we'd be. This introduces a support range... cont

$RDBX-Before We Run PT 2: We have a support ranging from $3.63 to $4.23. Falling to the $3.63 bottom would still keep us in our higher high and higher low basis... cont

$RDBX-Before We Run PT 3: Our 3 Day #BBWP #indicator is running higher into the extreme highs. This can give us a clue into the incoming buy pressure. It appears as though there can be enough fuel in the coming days for a serious run to the upside... cont

$RDBX-Before We Run PT 4: Our Daily #MACD #indicator is presenting a momentary drop in pace. There is still plenty of room and time for these averages to correct to the upside... cont

$RDBX-Before We Run PT 5: Yet again, we have our 3 day #RSI preserved drawings to show that our now week old implied direction is still being followed. The indicators are giving us a nice edge for the medium term time frames... cont

$RDBX-Before We Run PT 6: Let's remember to keep an eye on our macro perspective to see that we're still on track. yes, we're in a critical position and failing our formations can lead us to newer lows but we have to keep in mind to practice risk management! ... cont

$RDBX-Before We Run PT 7: $SPY is following our previously implied direction. I mentioned yesterday that our $4.23 #rdbx support could meet our $414.94 resistance together and that's what happened by market close. There could be a pullback tomorrow thus pushing #rdbx up...cont

$RDBX-Before We Run PT 8: The reason there my be a pullback tomorrow on the $spy is due to the daily #RSI reaching an overbought zone. We can still continue higher due to our desired $spy destination price of $420.98. Thank you for reading!

- ArcaB