Long
WABI - Massive Inverse Head and Shoulders Pattern - 100%+ Return
WABI has been hot of late and I think it is going to continue its uptrend. It is currently completing its Wave E corrective leg down, so I will be watching for reversal support to kick in and start the next leg up. The price has even jumped a fair amount since I started writing this. Considering the height of the last pump, we may have a big inverse head and shoulders pattern which would be over a 100% return from this entry point. Keep an eye on this trade!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.