Wink - 4 hour chart
Wink has retraced for the last 11days, after hitting an all time high on the 6th of April.
If my triangle is correct it has done a fake out of the downward trend, re-entered into the triangle (right at the tip)
and has made a second attempt. The next red candle not finished, looks to be a retest of that trend.
It is above all emas, current price, hasn't dropped past the 0.618 fibs much.
On the daily it looks like a bull flag.
If we get some strength here, this hopefully gives us another run to the upside.
If it fails here and breaks the 0.618 - we probably retest the 200ema / 0.786fib range.
Happy trading everyone!
If my triangle is correct it has done a fake out of the downward trend, re-entered into the triangle (right at the tip)
and has made a second attempt. The next red candle not finished, looks to be a retest of that trend.
It is above all emas, current price, hasn't dropped past the 0.618 fibs much.
On the daily it looks like a bull flag.
If we get some strength here, this hopefully gives us another run to the upside.
If it fails here and breaks the 0.618 - we probably retest the 200ema / 0.786fib range.
Happy trading everyone!
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