"W" formation with "1.13" setup at retracement
Updated
The initial "1.13" setup may turn out to be continuation of
the longer term move for the "W" formation. I have shown
the "1.13" target levels to monitor initially.
the longer term move for the "W" formation. I have shown
the "1.13" target levels to monitor initially.
Note
UNIT has been co-operating quite nicely to date. We are not far from our 3rd target via the 1.13 setup. This would put us near/at the channel top, and likely retest of "B" of the ABCD. I would suspect we'd see notable resistance in this area should it be reached.
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