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Continuing the analysis of WGS, where I hold a position with an average price of 100.19 since 02/26/2025:
After the last pullback, I am considering a bullish flag pattern, as shown by the yellow triangle on the chart, with a double bottom on the 60-minute chart at 88.00.
I also observe the low volume during the correction starting on 02/19/2025, which indicates a pullback without strong selling pressure and, consequently, a brief accumulation period.
In my projection, today it should test the downtrend line with peaks on 02/19/2025 and 03/03/2025.
Continuing the analysis of WGS, where I hold a position with an average price of 100.19 since 02/26/2025:
After the last pullback, I am considering a bullish flag pattern, as shown by the yellow triangle on the chart, with a double bottom on the 60-minute chart at 88.00.
I also observe the low volume during the correction starting on 02/19/2025, which indicates a pullback without strong selling pressure and, consequently, a brief accumulation period.
In my projection, today it should test the downtrend line with peaks on 02/19/2025 and 03/03/2025.
Note
As expected in today's pre-market analysis, the price tested the downtrend line but without any significant vertical volume, which may lead to another correction within the flag in the next session. Will any institutional player take advantage of the technical setup and create a gap tomorrow?
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.
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.