Forum Topics WBT WBT Bear Case

Pinned straw:

Added 12 months ago

Quick update. While we have just have had a nice 3 wave structure up recently (which I took no positions in as it was too uncertain for me) breaking out above my consolidation triangle, I believe we will see an imminent reversal down now to my target shown @ around 2.95 so long as it doesn’t break meaningfully above th 4.18 price (recent resistance with top of wave (ii) shown on my charts) . You never know the exact path $ takes but over all the patterns and and targets $ hits tells a lot.

The 3 wave stucture up will now result in 5 waves down to the green taget (approx) with much higher probability. When it gets there I may take a position depending on my indicator etc. Good luck everyone.

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Remorhaz
Added 12 months ago

What is your definition of "meaningful" above $4.18 (recent resistance with top of wave (ii)) to avoid your prediction of reversal @Saiton- WBT ended the day with quite a pop at the close to $4.58

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