View: slopechart_WEAT.jpg
slopechart_WEAT.jpg
What a Wedge WEAT has.
And - a Wedge within a Wedge.
Orange is the trend line to beat.
WEAT looks like it's now ready for take-off.
Comments
VioletA bullish posture doesn't want a key level of support, 5.71, to be tested.
A strong move above the bottom Blue trend line enhances the odds that price will also make it over the 2020 Orange trend line.
Bottom of the Ichimoku Cloud (red horizontal) would be the following resistance.
Green horizontal is the top of the Cloud (resistance).
Other horizontals are target levels.
A strong move above the bottom Blue trend line enhances the odds that price will also make it over the 2020 Orange trend line.
Bottom of the Ichimoku Cloud (red horizontal) would be the following resistance.
Green horizontal is the top of the Cloud (resistance).
Other horizontals are target levels.
Looking back at the daily chart above, notice the left extension of the near-term wedge bottom.
This is the best one.
