#WCT DTF - Fibonacci Strategy trading plan with Golden wave The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
* Minor wave 3 in 3rd impulse major Elliot Wave
* Strong Bullish Momentum volume unusual
* Steepness of a trend line increases from 45% to 70% deg
* Strong Break in bar retracement symmetry leading to a change in trend behavior
* Bullish gap up price action
WCT trade ideas
WCT- Recovery Mode- Collection StagePrice actions show price found bottom from the "W" bottom formation and short term daily moving average has crossed the mid and long term moving average which has flatten and start to curve up. Candles also climb above the moving average, with this trend continue. All the moving average will continue to slope up.
On weekly basis, candle is currently approach 0.57 resistance level .
On the way to to recovery, it needs to cross multiple resistance levels
- Resistance -0.655
- Resistance -0.775
- Resistance -0.945
- Resistance -1.12
it is generally a collection stage for mid to longer term player .
WCT (MYX) - Double BottomGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc. If u are newbie on the stock market, do not be hesitant to contact me at Private Message. Our Job is to make u Prof trader and proftable trader.
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
WCT (MYX) - Double Bottom
Momentum building upWCT continues edging high above a valid DTL hence we expect the share to continue the movement to the upside towards Fibonacci 1.618 at 0.855 coincide resistance level in Dec 2019. In the opposite scenario, price movement below key support at 0.355 will drive the stock lower.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
WCT UpdateWCT has reacted at resistance Fibonacci 2.618 in smaller timeframe 4 hours, and bounce off on 1.618 level recently this week. Technically, there could be several pullback along the way up to our target at 0.85. Our view is still bullish.
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Short Term BullishWCT has broken through a downtrend line and recently trading above resistance level at 0.44. We look to take profit at 0.85. Exit below 0.35
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
<TradeVSA> WCT Ready to Test ResistanceStrength in the chart:
1. Accumulation with shakeout
2. Pentagon buy signal with increasing volume
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Bearish for WCTThe herd is bullish based on my ground observation and sees this stock as a buy. However, the stock remains a strongly funds outflow stock. It is entrenched in strong downtrend. Sell on dead cat bounces for WCT which is having an escape wave. Rebounds are merely for confirming that the stock is in cancer stage. Successful backtest of gap-down region in red means successful confirmation of cancer. Buying means gambling as the risk is high. Instead one should be looking to short the stock at gap-down sell pressure region. Bearish for WCT.