Price is ascending in uptrending wedge, with recent break of 13.70 resistance level.
Resistance break has become weak for possible pullback.
It could indeed be a strong pullback or just a small correction, but either way I am short biased here.
Stop at 15.47
Target at 14.26
Resistance break has become weak for possible pullback.
It could indeed be a strong pullback or just a small correction, but either way I am short biased here.
Stop at 15.47
Target at 14.26
Trade closed: stop reached:
Got kicked out the trade from morning volatility.
I will still be watching to see if the price action indicates a short bias indeed.
You win some, you lose some. On to the next one.
I will still be watching to see if the price action indicates a short bias indeed.
You win some, you lose some. On to the next one.
Comment:
Oops. Wrong chart. Here is the current state of the WPX trade below.
