WE is a textbook bullish bat pattern with more than 40% rally after hitting the entry.
Also, it's an weekly fakey to strengthen the bullish mindset in terms of chart.
While, the story of WE doesn't cheer its investors at all, the reason for the bounce is because the lose got narrowed.
Even in the very long run, its business model is still nothing to be optimistic about.
For me it's more like a normal trading story that a trader can't accept failure so try to refund and refund to avoid margin call,
sometimes you may get some bounce to make your account a little bit relieved.
While if you keep on doing this, it's more likely that one day the trader would encounter a major breakdown.
8-10 is the major resistance level that I'll have an eye on short opportunities.
Let's see how it goes yo.
Also, it's an weekly fakey to strengthen the bullish mindset in terms of chart.
While, the story of WE doesn't cheer its investors at all, the reason for the bounce is because the lose got narrowed.
Even in the very long run, its business model is still nothing to be optimistic about.
For me it's more like a normal trading story that a trader can't accept failure so try to refund and refund to avoid margin call,
sometimes you may get some bounce to make your account a little bit relieved.
While if you keep on doing this, it's more likely that one day the trader would encounter a major breakdown.
8-10 is the major resistance level that I'll have an eye on short opportunities.
Let's see how it goes yo.