Wheaton Precious Metals Corp (WPM) - 1W
Possible Head & Shoulders structure developing on the weekly timeframe.
Price has already retraced to the 0.382 of the broader monthly impulse.
If a right shoulder develops, downside retrace could test the 0.618 (121.63), aligning with rising trend line support.
Deeper retrace toward the 0.786 (109.59) would bring price into a stronger weekly/monthly support region.
Notable tweezer top forming on both weekly and monthly timeframes (monthly candle still in progress).
WPM
@Wheaton_PM
#GoldSilverStocks
#MiningStocks
Possible Head & Shoulders structure developing on the weekly timeframe.
Price has already retraced to the 0.382 of the broader monthly impulse.
If a right shoulder develops, downside retrace could test the 0.618 (121.63), aligning with rising trend line support.
Deeper retrace toward the 0.786 (109.59) would bring price into a stronger weekly/monthly support region.
Notable tweezer top forming on both weekly and monthly timeframes (monthly candle still in progress).
WPM@Wheaton_PM
#GoldSilverStocks
#MiningStocks
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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.