$WMT May Find Support Here

The bullish view on $WMT interprets the move down from August as a correction, not as change in major trend. It is approaching a level where it may find support as it’s where the two legs of the correction will become equal in length.If it finds support there, we may expect a rally to the orange box above.

WMT


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.


$WMT Poised for Further Upside

On my interpretation, $WMT has further upside potential.

Based on counts, its channel and other structure, we can generate several targets.

  1. The inverse head and shoulders provides a target of almost $162,
  2. The third minuette wave (orange) may take it even higher than that, and
  3. Minute (blue) 3 should see the channel top again.

WMT


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.