WSM pennant/symmetrical triangle

187 0 0
After enjoying a steep uptrend from the beginning of August until the mid September and establishing a new high, WSM             has come to a rest struggling to clearly break through this new resistance level .

At this point WSM             made a pennant and after breaking through its lines yesterday, today a shooting star has formed , suggesting a downward movement. Therefore by looking at the big picture, this can be either:
-a throwback to the pennant .*
-a second minor reversal in a symmetrical triangle , hence making the new high an upper boundary for the triangle.**

There are a few possible scenarios:
-if *, then after the throwback and breakout from the dark ellipse resistance zone , the price will continue with a target: $53.21
-if **, then the following minor trends of the triangle should form and later we can anticipate a breakout from BOTH directions!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out