short wmr Had a look at this chart today and its going down a...

short wmr Had a look at this chart today and its going down a bit further.
reason??
WMR has a longterm compression triangle with lower highs and higher lows since Jan 04.
The Short upward trend has also formed a distinctive trend channel also adding the the bearish triangle.
50% Fibonacci retracement from low to high ($5.30) has formed a double top and WMR has fallen away from that resistance.
Also the apex of the triangle is at aprox the 38.2% ($5.15) retacement level. As WMR Falls bellow this as it did today we can expect a much lower level of support.First support at 4.80 but stronger at 4.70

comments???