WU Breakout & retested descending wedge 400%+ target
The chart presents a descending wedge pattern, a typical bullish reversal setup. A clear breakout from the wedge has occurred, followed by a successful retest of the breakout level, confirming upward momentum. This breakout is supported by bullish divergence on the RSI, signaling a shift in momentum to the bulls.
After the breakout, the price has entered a resistance area. This zone will be critical to watch as price action here will dictate the continuation of the trend. A clear break above this resistance would indicate further bullish continuation & a good second entry into a position with stop loss below the wedge.
For an entry strategy, a long position can be considered on a retest of the breakout zone, now acting as support around $0.2667. A stop loss can be placed below this level to manage risk in case of a false breakout. The take-profit targets would be the previous wedge high and the higher Fibonacci extension levels.
This is a swing trade setup which coincides with the bull run. I would expect to be in this for many weeks.
Trading is like surfing — fun, but you might wipe out. This isn’t professional advice—always do your own research and consult a pro before diving in!
WU
WU-TANG, WU-TANG - AMP be smashin' the like button.There appears to be a possible wu-tang formation to the upside
Fun Fact: Did you know that in the late 90's wu-tang mentioned an American Express Financial Advisors (AEFA which later became Ameriprise) mutual fund in one of their hit songs?
The fund was called AXP New Dimensions. I believe it eventually went down in flames due to consisting of junk bonds.
*not a financial advice
Western Union $WU is ready to break outIt is about to break out $20.9. Yesterday's volume was well and if it holds above the buy point, the target will be $23.58
12 months Consensus Price Target: $21.75
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Thx
WU Approaching Support, Potential Bounce!WU is approaching our first support at 16.08 (horizontal swing low support, 78.6%, 61.8% fibonacci retracement, 100% fibonacci extension) where a strong bounce occur above this level pushing price up to our major resistance at 17.60 (horizontal pullback resistance, 23.6% fiboancci retracement).
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.