General WCH is currently in a no buy area for me as price approaching the top of the range with a big resistance zone. (red rectangle + Level 2).
I marked 2 buy zones where i would buy equally stocks for long term hold - therefor no SL (Stop- Loss). First buy zone is based on the 50% of the range and a big s/r level. Major buy zone is at the bottom of the range with 2 big support levels.
The 1 long idea (blue arrow) is another scenario under which i would buy. Target: Fib extension in confluence with the % of the full range - ETL1 Requirements: Price breaks above the resistance area (red rectangle), generates swing and enter on break of that swing.
Good luck
Disclaimer: - This information does not constitute as financial advice and is only for entertainment purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh
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Resistance zone (Level 2) acted and pushed price down
Trade active
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First buy order was filled
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Sell order placed below Level 2 (red rectangle)
Trade closed: target reached
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Closing my Wacker position here. +27% since opening. Nice run of Wacker specially in the last weeks. Will buy again if price should fall back to one of the marked buy zones.