$WIF

Breakout from Channel Down pattern signaled a bullish trend reversal and price reached our target of $3.00 for 50% gain. Now we look for the right entry opportunity in Uptrend. Pullback near $2.00 support could be another swing trade entry in Uptrend with +50% upside potential back to $3.00. Stop Loss at $1.85.

Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level.

Trend: Short-term trend is Strong Down, Medium-term trend is Neutral, Long-term trend is Strong Up.

Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).

Support and Resistance: Nearest Support Zone is $2.00, then $1.50. Nearest Resistance Zone is $3.00, then $3.75.