In this activity (The Technical Analysis) there are a lot schools and theories, the methodology that I follow and use is called by Americans:
Price Action with Chart Pattern analysis plus Candlesticks but without indicators (large name for a simple thing)
It's a raw way to do the things but work and this means that if you are a user of this technique I do not...
* Trade Criteria *
Date First Found- August 23, 2017
Pattern/Why- Key support breakdown short
Entry Target Criteria- Break of $14.93
Exit Target Criteria- $13.57
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
After 2 months of decline Wendy's seems to be on the rise since July 1st. It also seems to follow that pattern: 2 months down follow by 2 months on the rise. On the next month will it follow its uptrend pattern?