WDAY appears to be in another cup and handle pattern..
MC/Mid Cup 222.25 and HL/Handle low can provide support
Pattern is not valid until long entry level of 248.86
Keeping an eye on the possible W I see in the chart... long with caution..as always keeping an eye on market conditions.
Not a recommendation
I am hoping we see a bull market continuation for 2021. Many of us, me anyway, have not been through a bear market. I have been studying up on it just in case. I read a bit so far but bear markets often start with sharp moves down and quick retracements up. If we still want to go long, entering will probably be in and out on the retrace up if the trend is down which would be the case in a bear market, we will need to trade countertrend.
Of course the shorties will be in heaven! LOL I need to learn though..just in case!
MC/Mid Cup 222.25 and HL/Handle low can provide support
Pattern is not valid until long entry level of 248.86
Keeping an eye on the possible W I see in the chart... long with caution..as always keeping an eye on market conditions.
Not a recommendation
I am hoping we see a bull market continuation for 2021. Many of us, me anyway, have not been through a bear market. I have been studying up on it just in case. I read a bit so far but bear markets often start with sharp moves down and quick retracements up. If we still want to go long, entering will probably be in and out on the retrace up if the trend is down which would be the case in a bear market, we will need to trade countertrend.
Of course the shorties will be in heaven! LOL I need to learn though..just in case!
Note
Pattern invalid if prices goes below mid cup. Not valid either except at long entry level
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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.