Wishful thinking? Context Logic
Short Term - We look to Sell at 1.64 (stop at 1.79)
A Doji style candle has been posted from the high. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 1.22 and 1.19
Resistance: 1.65 / 1.85 / 2.50
Support: 1.21 / 1.10 / 1.00
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Wishfulthinking
Do you think the bottom is in?NASDAQ:WISH I think there could be decent upside now. This is the idea that I am trading.
#NotAFinancialAdvice #DYOR
Inverted Hammer closeNot a financial advisor.
WISH FINALLY sees a reversal candle.
*Sigh of relief*
Now we gotta see a confirmation *queue Jordan Peele sweating gif*
😂
I have a previous post that has much more information vs what I'm going to write here. This should be just a real brief update.
Filing the gap is what I'm pretty sure most are interested on here anyways.
I'm trading WISH, Short term I'm looking for $10 price target which would be a little over $9.50 100 ma on daily.
I do also have a price target of $16.35 mid term. Fib.
I believe a big break will happen after $7.75 (hope to gap up /halt) maybe after $8.12 hits and holds. If this does happen to halt I'm looking for this to get closer to the $15 dollar range. Would potentially look to reverse after that and maybe gain more momentum after a dip.
First things first though, lets get this reversal confirmed. If we happen to explode really quick, I'm sure we will see some profit taking at 10, 12, 15.
Breaking out of this long term wedge could lead to a rapid movement. Trade your plan.
RSI oversold
Momentum starting to pick up
Bollinger bangs squeezing awaiting movement
WISH short squeezeChange of character, ridiculous soaking on the bids and OBV and volume showing a nice change. Good luck with a stop below this range size appropriately.