WMT strongly bounced from a major support level on 6 October. This level is also the 38.2 retracement level of impulse wave 5 of the motive wave. WMT may go up a couple of days before coming down to retest this level again. Given how strong this support level is (look to the left of the chart), I expect WMT to go up after retesting this level.
It seems that WMT is now in the process of forming B wave of A-B-C corrective wave. The corrective wave need not necessarily be an A-B-C zig-zag pattern. Hence, this is only a very approximate guess that I am making. But if it is indeed so, then WMT may go up to 160 resistance level before beginning a downtrend (C wave).
It seems that WMT is now in the process of forming B wave of A-B-C corrective wave. The corrective wave need not necessarily be an A-B-C zig-zag pattern. Hence, this is only a very approximate guess that I am making. But if it is indeed so, then WMT may go up to 160 resistance level before beginning a downtrend (C wave).
Dagangan aktif
C Wave has started. It will now retest the resistance level (red bar) to form wave 2 of this C Wave and then go down to form a long wave 3. 148 level is 100 percent projection of A Wave. That's where WMT will move down at least.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.