WMT Going Up and Then Going Down

9 окт. 2023 г.

WMT strongly bounced from a major support level on 6 October. This level is also the 38.2 retracement level of impulse wave 5 of the motive wave. WMT may go up a couple of days before coming down to retest this level again. Given how strong this support level is (look to the left of the chart), I expect WMT to go up after retesting this level.

It seems that WMT is now in the process of forming B wave of A-B-C corrective wave. The corrective wave need not necessarily be an A-B-C zig-zag pattern. Hence, this is only a very approximate guess that I am making. But if it is indeed so, then WMT may go up to 160 resistance level before beginning a downtrend (C wave).

21 окт. 2023 г.

Сделка активна

C Wave has started. It will now retest the resistance level (red bar) to form wave 2 of this C Wave and then go down to form a long wave 3.

148 level is 100 percent projection of A Wave. That's where WMT will move down at least.