Price is ascending in uptrending wedge, with recent break of 13.70 resistance level. Resistance break has become weak for possible pullback. It could indeed be a strong pullback or just a small correction, but either way I am short biased here. Stop at 15.47 Target at 14.26
Trade geschlossen: Stop wurde erreicht
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Got kicked out the trade from morning volatility. I will still be watching to see if the price action indicates a short bias indeed. You win some, you lose some. On to the next one.
Kommentar
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Oops. Wrong chart. Here is the current state of the WPX trade below.