WCC - 15 months HEAD & SHOULDERS CONTINUATION
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
This is an amazing pattern at the all-time high which had a perfect breakout and, for those who were interested and missed it, is now offering us a second entry opportunity due to past week correction/pullback. The big issue here is that WCC is releasing earnings in two days (February the 14th) and, as Swing Traders, we never want to jump in the market just before the total uncertainty of earnings announcements. The only way I would consider to take this opportunity is a pure Position trade so giving the time and space to accommodate any earnings market behavior.
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
═════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
This is an amazing pattern at the all-time high which had a perfect breakout and, for those who were interested and missed it, is now offering us a second entry opportunity due to past week correction/pullback. The big issue here is that WCC is releasing earnings in two days (February the 14th) and, as Swing Traders, we never want to jump in the market just before the total uncertainty of earnings announcements. The only way I would consider to take this opportunity is a pure Position trade so giving the time and space to accommodate any earnings market behavior.
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: see chart
- Breakout area: see chart
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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