W1HR34 trade ideas
$WHR - Short set upThis is one of my favorite short set ups. Where do I start?
1. Double top at R2 on monthly
2. 1.618 Trend fib ext.
3. LPSY ( Last point of supply) back test to the .764 fib retracement at ATH's
4. Money flow running away
5. RSI lower highs
I can could go on all day, but those are my top 5. Pretty solid foundation..
WHR(Daily). Head and Shoulders Top(Retest)Head and Shoulders Top. Retest of Neck_Line.
Under 50, 200 sma, CrossOver, within Down_Trend Channel.
Head and Shoulders Pattern to the "Test".
9 Trades, based on the tested successful pattern : thepatternsite.com
WHRUpdated - 50dma continues to provide resistance while the 200 offers support. Should resolve soon.
WHRPotential BAT. If Flag breaks out, I'd take some off at the first tgt which aligns with AB=CD 1.272 and BC ext 1.618.
WHR. (Daily) Ready for Washer, Presoak option, Dryer to finish ?Massive double Top 2010. Fall. Relentless Rally from 1/2012.
Symmetric Triangle(ish) Consolidation.
5 waves Wolfe, potential.
RSI brake_down from overbought levels.
MACD crossOver.
Earnings are getting worst at each progressive turning point,
with subsequent smaller reactionary waves.
5th wave choppy, so could expect a choppy reaction. (?) in the form of abc correction.
Target_1 : 148.24
Target_2 : 145.77
Target_3 : 135 - 130 ( :) )
There is good support in the field of complete correction.There is good support in the field of complete correction.
Confirmed rise above EMA 200 will mean very bullish signal.Confirmed rise above EMA 200 will mean very bullish signal.
WHR bear flag, setting for potential break down of 200 EMAWhirpool sitting on its 200 EMA , below all key moving averages.
It found strong resistance at $156 (tripple top) and starting from there sold off aggressively then price retraced to moving averages in very controlled manner. On 27 of May selling in stock resumed and now we have few inside days to absorb this big, red candle near lows in front of support.
I put WHR on my short list.
Entry below $142, it could trigger more selling. Holding below for few days means that buyers and sellers accept new prices and this can attract more selling and covering.
Target could be at next support at $134, next swing low at $124.39
For active traders stop above $144.70-$145 where 8 EMA and swing high/potential resistance lies.
The trend is slowly changing.A short position is better to open near the upper boundary of the bearish trend.
Whirlpool: One of the calmest uptrendsWHR is up 150% in the last 18 months with minor volatility. goo.gl
Just the way I like it for position trading! Sorry Bitcoin...
Next time someone asks me what an uptrend looks like, I'll show them Whirlpool's stock chart!
WHRUpdate of chart from about 4 weeks ago. Moving towards target. Daily presents another consolidation flag. There's a gap below to fill should flag break down
Whirling LowerWhirlpool likely heading lower, though I have had a difficult time with this stock. It's been extended for a long time, and I've underestimated dip buying support.
Check notes on chart for details.
