WM downtrend
WM has formed a 40 week right- angle broadening top formation, followed a decisive closed at 108.
TP # 1 121.00 - 108 = $95 Target
TP # 2 126.5 - 108 = 89.7 aprox = $90 Target
The daily is forming a Descending angle triangle with a top @ aprox 106.22 and support of 85.54, if WM Breaks support and closes below 85.54.00 on the daily TF, The next target on the downtrend is:
Target : $106.22 - $85.54 = $64.86 aprox 65$
TP # 1 121.00 - 108 = $95 Target
TP # 2 126.5 - 108 = 89.7 aprox = $90 Target
The daily is forming a Descending angle triangle with a top @ aprox 106.22 and support of 85.54, if WM Breaks support and closes below 85.54.00 on the daily TF, The next target on the downtrend is:
Target : $106.22 - $85.54 = $64.86 aprox 65$
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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.