Short
WPX Pullback? - Another Pullback Short
Price is ascending in uptrending wedge, with recent break of 13.70 resistance level.
Resistance break has become weak for possible pullback.
It could indeed be a strong pullback or just a small correction, but either way I am short biased here.
Stop at 15.47
Target at 14.26
Resistance break has become weak for possible pullback.
It could indeed be a strong pullback or just a small correction, but either way I am short biased here.
Stop at 15.47
Target at 14.26
Trade closed: stop reached
Got kicked out the trade from morning volatility.I will still be watching to see if the price action indicates a short bias indeed.
You win some, you lose some. On to the next one.
Note
Oops. Wrong chart. Here is the current state of the WPX trade below.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.