Over last 10years WULF formed at least 6 Cup&Handle patterns among which only Two attained successful results with 350% and 55% respectively to the up side, Four of the patterns were not successful and price headed downward or sideways.
When each of those patterns took One or Two years to complete, recent ones were completed within shorter spans and currently, we have one Cup&Handle pattern that is creating it's Handle on the WULF chart.
There was a Handle breakout today after re-testing the $9 Support. This week's Macro data can impact pushing it for another back test around the same Support $8.5.
-If that does not hold, the next support would be right below $7 as the last hope for the successful Cup&Handle formation of approximately 80% gain to the up side before this Quarter's Earning or by the End of the Year of 2025.
If the $7 support is broken down. then this Cup&Handle pattern fails and price can fill the gap to touch down the strong hold support around $.4.5 to $5.5 range.
-In this case upside move can be delayed but the gain can easily exceed over 100% within the next Two Quarters.
This is not a buy/sell advice, rather shared to learn from others' opinions on WULF chart.
When each of those patterns took One or Two years to complete, recent ones were completed within shorter spans and currently, we have one Cup&Handle pattern that is creating it's Handle on the WULF chart.
There was a Handle breakout today after re-testing the $9 Support. This week's Macro data can impact pushing it for another back test around the same Support $8.5.
-If that does not hold, the next support would be right below $7 as the last hope for the successful Cup&Handle formation of approximately 80% gain to the up side before this Quarter's Earning or by the End of the Year of 2025.
If the $7 support is broken down. then this Cup&Handle pattern fails and price can fill the gap to touch down the strong hold support around $.4.5 to $5.5 range.
-In this case upside move can be delayed but the gain can easily exceed over 100% within the next Two Quarters.
This is not a buy/sell advice, rather shared to learn from others' opinions on WULF chart.
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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.
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.