Tecnologia_Financiera

Symmetrical Triangle on WSBC

NASDAQ:WSBC   WesBanco, Inc
Wesbanco stock (Nasdaq:WSBC) is forming a symmetrical Triangle pattern in the last 7 month. Currently has bounced 4 times with the lower support and 5 times with the upper ressistance. Volatility , measured by Bollinger Bands Width indicator, has been decreasing since April, which is a typical signal for this kind of patterns. We should wait a breakout to enter long or short depending on the direction of the breakout, or we can also trade the internal bounces. Let´s be careful with the support/ressistance levels in the area, indicated by Fibonacci Retracements, before, and after the breakout.