$WHC Whitehaven Coal
WHC is trading this range since Feb 2003 which is starting to look like a Wyckoff accumulation YET TO BE CONFIRMED.
Confirmation for me would be if price traded back above the Mid Range of this zone. And trigger for long is marked on reclaim of Mid range. Let see,
If NOT
Then looking for price to trade back around the range low and move away from it.
Or
Will see if we get a heavier pullback to take out the liquidity built up at those area marked "STOPS" on the chart to test the Macro RANGE high.
Anything could and will happen with price and the plans will change as it evolves but these are plans on what is presented right now..
All triggers marked on charts.
Confirmation for me would be if price traded back above the Mid Range of this zone. And trigger for long is marked on reclaim of Mid range. Let see,
If NOT
Then looking for price to trade back around the range low and move away from it.
Or
Will see if we get a heavier pullback to take out the liquidity built up at those area marked "STOPS" on the chart to test the Macro RANGE high.
Anything could and will happen with price and the plans will change as it evolves but these are plans on what is presented right now..
All triggers marked on charts.
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.