The stock has formed a nicely Wolfe wave at the Junction which seems to work as resistance. My experience with this patter is that it works better if it breaks the boundaries come back but we can still take the chance here by providing small stop loss of high of recent swing. Mostly it offers good risk to reward trade. Good Luck!
交易進行:
Doing well so far obliging the pattern. Although it looks good but Wolfe wave always does not reach the target so would book profit on first bullish candlestick pattern.
