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26/10/23

16:15

Post #: 70558068
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Originally posted by Darkstone: ↑

Ok. We have got close enough to the target, so if my chart is correct, this should be it for this retrace. I think with the current risk level in the market, one would probably want to wait for the end of the next wave 2, which should be around a 61 to 78% retrace of the next wave 1, but this should be the end of the C wave, or close enough. Could still try and hit the 360 or even 357 (where I notice there is a large blocking order) but this is the region where I would normally be coming in. I think this time I will wait, as I said, until W1 & W2 complete, or some other major event occurs, which is the conservative strategy and the way a sensible trader would go + plus I am totally stretched out right now. A dramatic reversing hammer candle would have been better to see, but that will require a close north of 377 today. Something like 390+ would be a really positive sign of a trend change.

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Got that close above 377, what are you expecting in the next few trading days?

Cheers

WBT Price at posting: $3.82 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last $2.43		Change -0.020(0.82%)		Mkt cap ! $458.7M

Open	High	Low	Value	Volume
$2.40	$2.49	$2.38	$1.652M	680.1K

Buyers (Bids)

No.	Vol.	Price($)
2	11837	$2.43

Sellers (Offers)

Price($)	Vol.	No.
$2.45	25000	1

View Market Depth

No.	Vol.	Price($)
2	11837	2.430
1	2561	2.420
32	41944	2.410
4	55619	2.400
4	9144	2.390

Price($)	Vol.	No.
2.450	25000	1
2.470	8046	1
2.480	2000	1
2.490	10926	4
2.500	45599	6

Last trade - 16.10pm 27/06/2024 (20 minute delay)

WBT (ASX) Chart