RONIN Daily Timeframe

The break of the green descending trendline is giving RONIN a nice move to the upside.

In my primary count, we are currently in the final stages of blue 3. Corrections for blue 4 are buying opportunities.

At this moment it is not clear to me if this is a correction (black ABC) or impulsive wave (black 12345). The lack of RSI divergence on the August low gives me a small bias for a correction.

In any case, the 2.40 to 2.50 zone should offer resistance, for black wave 3 or C.