An Ascending Triangle is in forming stage on WPC Once finished this Ascending Triangle will break out to the upside and find support on the upper line of the triangle. This is shown with the bars pattern showing how I think price action will play out.
WPC has been consolidating for a while now, we entered a long call position and are currently up 83%! Now that WPC has cleared and held $72 we could see a large push higher. Looks like the accumulation phase is coming to and end, we have a Golden Cross along with good buying volume coming in, bulls are taking control here!