CWN showing a completed Demark buy set up on the 1D time frame.
This buy signal is strengthened by this zone of just under $12 serving as resistance previously
Potential quick trade from here (bottom of the short term GMMA band) to test the compressed longer term band and hit the drawn resistance level.
If price can pierce and close above the long term GMMA band...
-34 Month ascending triangle (primary pattern)
-Launching pattern 5 Month rectangle (launching pattern)
-Weekly Bollinger band squeeze
-Daily Bollinger band expansion
-50/200 Weekly SMA crossover
-Trending comfortably above 50 & 200 DMA
As there is two patterns overlapping, I will double my risk. 60 basis points planned
Am a buyer on a daily break and close above...