WDS has formed a descending wedge with bullish RSI divergence and is also hitting support from the bottom of this channel at $27. While the channel itself is bearish WDS should still expect a strong bounce here. Wait for a break of trend and retest for confirmation and if breaks down out of channel it will continue to move lower due to bearish monthly RSI...
Conservative Trend Trade 8F + long impulse + support level + significant bar level - below 1/2 correction + volumed 2Sp+ + weak test + first bullish bar closing entry Calculated affordable virtual stop loss Take profit: 20% at 1 to 2 R/R on Daily 20% at Daily resistance level T1 20% at 1/2 of Monthly 20% at Monthly resistance level CREEK 20% at Monthly thick...
WDS is currently in a descending wedge with bullish RSI divergence. Wait for a break of upper trendline for entry, stoploss below last swing low with target of $34.68 and will be moving SL to BE when safe to do so.