I think we are looking for local bottom soon. Stoch on lower timeframes is very low, higher timeframes coming down still so direction could be a little lower when finished. However the BBWP is in very high range (anything above 85% I’d say). Currently 95%. BBWP is direction neutral, it only signals high and low volatility so expansion and contraction. Hence using Stoch to get a potential direction. Not always perfect, noise creeps in. Still have my watch targets between 2.25 and 2.50 incase I want to try and snipe a potential bottom for super account. Makes no difference long term - this is more about me putting TA into practice to learn more.
WBT Price at posting:
$2.67 Sentiment: Buy Disclosure: Held
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