RenkoTradingSystem
$SU
(Weekly & 195-Min Renko)
System Status: GO (Active Entry)
Setup Trigger (195-Min 1% Renko)
• 2nd Green Brick Confirmed: Printed at $69.36 off the 20-EMA ($67.91)
• StochRSI: Turning up out of oversold territory (0.346)
• Extension: Low at 2.14% above 20-EMA (Tightly managed risk)
Higher-Timeframe Support (Weekly)
• Weekly RSI(14): 58.29 (Healthy trend expansion zone)
• Weekly Renko: Solid Green Brick at $69.36 above rising 20-EMA ($65.71)
The Takeaway:
System buy signal is LIVE with the 2nd green brick confirmed at $69.36. Risk is clearly defined right below the 20-EMA ($67.91) and PSAR support ($67.32).
Execution Checklist at Open
• Entry Zone: Around $68.50 – $69.36 (within range of the 20-EMA)
• Stop Loss: Just below the 195-min PSAR / 20-EMA support zone ($67.32 – $67.91)
• Invalidation Trigger: Exit or stand aside if price drops to print a new red brick below $67.32
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