WESFARMERS LIMITED

ASX

WES

-Primary pattern is a 66 month horizontal range -Of which as an unmet target of 57.31 -8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries -Tight bollinger band squeeze on the daily -An attractive R/R 30 basis points of risk planned

Im a crypto trader by heart but thought I like the patter of Wesfarmers, so I charted it as I see it. once complete I looked down at the time scale. LOLOLOLOLOLOLOLOL how do people trade this. pattern "might" be complete by 2027 so ill catch ya in 9 years LOL

-66 Month Horizontal range primary pattern -Measured move up to 57.31 -8 Day pennant with horizontal boundary completion on friday close -50SMA peeling away from 200SMA 30 basis points Will enter only with limit order to retain a favorable R/R

Possible shorting opportunity

WES expecting share prices to pullback to the support marked on the chart

Price: 43.340 Price tracking

WES is ex dividend Mon 20 Feb by $1.03 so $43.09 - $1.03 := $42+/-. Allowing for slippage, it could trade down to $41.85 Monday before attempting to rally back to support at $42. But over the next few days I believe it will drift lower towards old resistance now support at $41.50 There is also that break away body gap at $40.98-41.18 which needs to fill. The keys...

Detail is on the chart This is a dividend play!