Long
WABI Broke the range, looking to pump further after retrace!
Nice to see that NEBL has broken the high of the range it's been stuck in for a while.
I see 3 possible optimal retracements and all of them would make sense.
Upper yellow is the top of the big range and lower yellow is the top of this local consolidation.
Third possible retracement is the bullish orderblock from which this pump originated.
It's possible that it retraces even a bit lower but I wouldn't like to see it break any of these previous lows.
Targets are previous big highs but we'll see along the way.
Original idea by Svarog https://www.tradingview.com/chart/WABIBTC/IIfAn33d-WABI-Broke-the-range-looking-to-pump-further-after-retrace/
I see 3 possible optimal retracements and all of them would make sense.
Upper yellow is the top of the big range and lower yellow is the top of this local consolidation.
Third possible retracement is the bullish orderblock from which this pump originated.
It's possible that it retraces even a bit lower but I wouldn't like to see it break any of these previous lows.
Targets are previous big highs but we'll see along the way.
Original idea by Svarog https://www.tradingview.com/chart/WABIBTC/IIfAn33d-WABI-Broke-the-range-looking-to-pump-further-after-retrace/
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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.