usstockadvisor

Buy and sell opportunity

Education
NYSE:W   Wayfair Inc.
Chart and trend analysis:
Monthly timeframe - up
Weekly timeframe - down
Daily timeframe - up
Hourly timeframe - up

Trade action:
Long-term opportunity - BUY
Short-term opportunity - SELL

Important points:

1] Both, buy or sell zones have 2 price levels, color-coded for your understanding: Green (enter a trade), Red (exit the trade or stop-loss)
2] Your choice of buying or selling depends on your timeframe (long term wealth investor vs. short term income trader).
3] Follow our T4 strategy when the price reaches the zone: wait for a bullish and bearish reversal in buy and sell zones respectively.
4] Risk management strategies are critical in any trading or investing activity such as position size (how much to invest) or stop-loss (knowing when to exit with an acceptable, predefined, minimal loss).

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.