WM downtrend
WM has formed a 40 week right- angle broadening top formation, followed a decisive closed at 108.
TP # 1 121.00 - 108 = $95 Target
TP # 2 126.5 - 108 = 89.7 aprox = $90 Target
The daily is forming a Descending angle triangle with a top @ aprox 106.22 and support of 85.54, if WM Breaks support and closes below 85.54.00 on the daily TF, The next target on the downtrend is:
Target : $106.22 - $85.54 = $64.86 aprox 65$
TP # 1 121.00 - 108 = $95 Target
TP # 2 126.5 - 108 = 89.7 aprox = $90 Target
The daily is forming a Descending angle triangle with a top @ aprox 106.22 and support of 85.54, if WM Breaks support and closes below 85.54.00 on the daily TF, The next target on the downtrend is:
Target : $106.22 - $85.54 = $64.86 aprox 65$
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