Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
WBT is forming a double bottom but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close below the gray neckline. Then a movement till around the 5.0 resistance would be expected.
Meanwhile, until the buy is activated, WBT can still trade lower till the 3.0 - 4.0 zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Str
on DAILY: Left Chart
WBT is sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
WBT is forming a double bottom but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close below the gray neckline. Then a movement till around the 5.0 resistance would be expected.
Meanwhile, until the buy is activated, WBT can still trade lower till the 3.0 - 4.0 zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Str
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal