re: wpl where to?
Thanks Christian for your input .
Basing off the last 2 major tops and subsequent 61.8 retraces we are now doing the same thing so yep looks like 14 to me .
The fact we ran up so quickly means the retrace ,if it happens , will be even quicker .
I can't pick what oil will do from here so it may influence wpl in the short term .
Though saying that if I believe wpl is on it's way to 14 then a failing in the oil price from current support level is on the cards . Or maybe Marijuana will come up a duster . lol should say a smoker . heheeehe
The important thing with wpl from here is to watch the daily high low swings and for a channel formation . No need to mention that Fridays high at 19.11 was a 61.8 retrace from 19.55 and 18.41. wpl responds to fib very well .
ge
WPL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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