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Western Digital Corporation
Short

WDC, 2024-07-01, Short

200
Context:

  • Weekly - Support zone @ 16.06/80.12
  • Daily - Trend line (Compression) break; Retracement back to "Last Red" (on Choch)
  • 1h - Choch (one bar); "First Red" as entry/stop range


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  • Main Target - Weekly Support @ 65.92
  • Breakeven stop @ 73.48
  • 2/3s out @ 72.49 (Fin ext. 0.618)


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Expected RR (at full) 7.3

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Notes:

  • Reduced position size on short sales.
nowk
Multiple Time Frame AnalysisSupport and ResistanceswingtradingTrend Lines

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.
Multiple Time Frame AnalysisSupport and ResistanceswingtradingTrend Lines
nowk

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.