WD-40 changed direction to the south after the 5/0 count.
Soon it will become clear whether the support from (4) holds or not.
But what is already apparent is that WDFC is struggling significantly at the trend barrier. No surprise, since this price level coincides with the natural resistance.
To me, this seems like a cheap short, even though a new, true low hasn't been reached yet.
A stop behind the resistance Zone is a fair bet.
Soon it will become clear whether the support from (4) holds or not.
But what is already apparent is that WDFC is struggling significantly at the trend barrier. No surprise, since this price level coincides with the natural resistance.
To me, this seems like a cheap short, even though a new, true low hasn't been reached yet.
A stop behind the resistance Zone is a fair bet.
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🔱 WHY FOLLOW & BOOST ME? 🔱
👉 Your greatest BENEFIT: learn to make money
👉 My GIFT to you: earn while learning
👉 Your best INSIGHT: wins & losses go hand in hand
✅ Follow & boost me, share my channels & try to teach me something new too 🙏
👉 Your greatest BENEFIT: learn to make money
👉 My GIFT to you: earn while learning
👉 Your best INSIGHT: wins & losses go hand in hand
✅ Follow & boost me, share my channels & try to teach me something new too 🙏
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.