3 weeks ago, $WWE broke below its weekly uptrend line.
Since it 2014, $WWE managed to recover its losses, mainly due to the launch of the WWE             network that has picked up 1,000,000 subscribers by now all around the world.
On August 2015, following two strong weekly candles, $WWE spiked and completed a 61.8 Fib retracement level and signaled that the bullish correction move (started on January 2015) was over.
Since then, the stock lost about 30% of its value and closed last Friday below a major weekly structure zone -17-18$

What I'm looking at now is potential bearish continuation setup that will lead $WWE to the strong buy zone near 13$ (additional 20-25% decline in stock price). The reason I'm focused on the bearish side is the broken uptrend line (and also the weekly lower low we got on November).

The two sell zones - 18$, 18.5-19$.
Stop loss should be near 20$ (better above)
Final target zone - Completion of AB=CD pattern

Tomer, The MarketZone
Follow me on TradingView
Subscribe to my newsletters - http://goo.gl/R3gPVE
Follow my blog - http://goo.gl/78KZsl
Subscribe to my Youtube channel - https://goo.gl/q8dbyT

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