Thread by @arcabulls

$REV-Macro Perspective PT 1: Let's take note of our macro direction. We can see on the weekly time frame that #rev #stock is playing iterations of capitulation phases. There's still be room to continue the last iteration longer. There's something we should note here... cont

$REV-Macro Perspective PT 2: In each of these iterations we have wicked to new lower low and #rev has used that lower wick as an area of interest and resistance before capitulating again. Our current iteration has made a new lower wick... cont

$REV-Macro Perspective PT 3: The reason we may play the current iteration longer is due to the support marked to the left with a red arrow from back in 2006! This backs our next thread of analysis... cont

$REV-Macro Perspective PT 4: If we maintain longstanding support, we can realize a #bullflag on the daily chart. The formation is only backed by psychology and previous supports and resistances, this can still fail. ... cont

$REV-Macro Perspective PT 5: Our monthly #RSI is showing that we have bounced from a historical point in #rev 's entire trading life. However, our present standing also shows that we've reached the average rise from the bottom levels. This is the monthly so we're likely to.. cont

$REV-Macro Perspective PT 6: ... correct in the coming days and weeks. Our #MACD may say otherwise. We have a new pivot to the upside, implying bullish measures for the coming days. All things considered, there is no obvious move in the immediate short term to trade... cont

$REV-Macro Perspective PT 7: In times of indecision, i personally stay away until i can gain a better edge on the trade. #REV is facing plenty of psychologically driven things that can impair traditional TA. We must practice risk management here. Thank you for reading

- ArcaB

@Dozer8210 @Kazi5isAlive 🙏