The price of WB has soared from 12 to 56 in eight months of 2016.Has it gotten to the top?
Yes,maybe it has in short term and reasons are as follows:
1.The price hit the inverse 2.618EXT;
2.The Cross Star of the week candle appeared at a high level;
3.The RSI has been divergent already and it is in the overbought zone.
So it is a good chance for opening short positions at 54 levels.
SL:above 56
TP1:38
TP2:27 and even more
Yes,maybe it has in short term and reasons are as follows:
1.The price hit the inverse 2.618EXT;
2.The Cross Star of the week candle appeared at a high level;
3.The RSI has been divergent already and it is in the overbought zone.
So it is a good chance for opening short positions at 54 levels.
SL:above 56
TP1:38
TP2:27 and even more
Trade active
The market moves as expected.Note
The market is pulling back the 0.618RET,and it is another opportunity to sell again.Trade closed: stop reached
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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.
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.