WD-40 changed direction to the south after the 5/0 count.
Soon it will become clear whether the support from (4) holds or not.
But what is already apparent is that WDFC is struggling significantly at the trend barrier. No surprise, since this price level coincides with the natural resistance.
To me, this seems like a cheap short, even though a new, true low hasn't been reached yet.
A stop behind the resistance Zone is a fair bet.
Soon it will become clear whether the support from (4) holds or not.
But what is already apparent is that WDFC is struggling significantly at the trend barrier. No surprise, since this price level coincides with the natural resistance.
To me, this seems like a cheap short, even though a new, true low hasn't been reached yet.
A stop behind the resistance Zone is a fair bet.
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🔱 FOLLOW & BOOST ME 🔱
✅ Learn to make money
✅ Earn while learning
✅ Wins & losses go hand in hand
🔱 Free E-Book: howtochart.com/forktradingblueprint
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
✅ Learn to make money
✅ Earn while learning
✅ Wins & losses go hand in hand
🔱 Free E-Book: howtochart.com/forktradingblueprint
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.