If we look at the weekly chart we can see that wabi is about to break out of the weekly ichimoku cloud.
If it manages to close above the cloud and stay above it we could see a nice uptrend start for wabi in the upcoming weeks.
I hate the symmetrical triangle. It is not clear whether the target is up or down. But it was very obvious in this because shs occurred in the triangle. Candles on the 4-hour chart are still above SMA 200. This is positive. But I am undecided whether or not to buy it. In order for the chart to reach high targets, it must move over the place that I have specified...
WABI seems in a great zone with :
- Falling Wedge
- Possible Cup & Handle
- Ascending Trendline
- Daily 200 MA
- 1700 Support Zone
Not a Financial Advice
