WDC, 2024-07-01, Short

2 Tem

Context:

• Weekly - Support zone @ 16.06/80.12
  
• Daily - Trend line (Compression) break; Retracement back to "Last Red" (on Choch)
  
• 1h - Choch (one bar); "First Red" as entry/stop range
  

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• Main Target - Weekly Support @ 65.92
  
• Breakeven stop @ 73.48
  
• 2/3s out @ 72.49 (Fin ext. 0.618)
  

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Expected RR (at full) 7.3

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Notes:

• Reduced position size on short sales.