$WAN
Green area is buy zone for me, all the way down to the 0.618 fib level. Notice the huge green candle outlined in blue? The larger the candle it takes to break a support or resistance level, the stronger that level is. The resistance in that area was very strong, then 5-6 candles later it was immediatly tested as support. IMO this level will hold as support...
When doing technical analysis, look for areas of confluence:
1) Horizontal resistance at 543 which coincides with the .786 fib
2) Horizontal resistance that has turned into support at 493, which coincides with the .382 fib
Triangle pattern seems to be forming.. last time this pattern completed NCASH took off!
I would place buys along the blue trend line, if...
