Be careful with WTC - don't buy the ATH

27 Oca 2018

WTC has so many bearish signals right now I don't even know where to begin.

• Volume divergence. WTC is rising on decreasing volume.
  
• RSI divergence. WTC rising despite weakening RSI.
  
• MACD divergence. WTC rising despite weakening RSI.
  

Then there's the elliot wave analysis, which pretty clearly shows a retrace must be imminent.

Even if you dont believe ANY of that, simple trendline analysis shows that a return to the lower trendline will occur at some point.

If you're buying this... stop.

27 Oca 2018

Not

Whoops, that should say ABC retrace, not 4 wave.. obviously :)

28 Oca 2018

Not

Well that certainly didn't take as long as I expected... I thought it might float sideways or continue up for abit before actually collapsing.

Either way, hope everyone got out in time!

29 Oca 2018

Not

Even on the big news that WTC had today it still didn't generate much volume and didn't even match its previous high (unless something changes). Just another bear sign.

30 Oca 2018

Not

Continuing like clockwork. Traders should look to rebuy WTC around the 25K mark for the next leg up.

7 Şub 2018

İşlem kapandı: hedefe ulaştı

Pattern complete!

Now you can look to go long again, especially since a somewhat inverted H&S is forming. WTC is worth keeping an eye on for sure