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Wednesday, August 26, 2020

WKHS trend

WKHS trend

The trend in orange was taken from a similar fractal from the Crypto bubble (see AE/ BTC ) in 2018.

This stock has traded virtually identically and has been forming a top for awhile now. Just waiting on conformation of the reversal as the price action hits 15.50.

Once 15$ is hit it should confirm the reversal in the downtrend and a short bid will be entered until we return to normal levels for this stock over the next year.

from Trading Ideas
via gqrds

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