Shares - ASX200 - Westpac WBC Descending Triangle SHORT
ASX 200 - Westpac descending triangle breakout. High probably pattern. Target is set at 21.60. STO is low so entry price between 22.60 and 22.90. Expect levels around the 20.60 level as a take profit.
Volume: pretty low showing lack of support.
RSI: The new low has been confirmed by a new RSI low of 34.
STO: STO is low so it may be possible to enter a little higher just below 23.
Current Price: 22.63
Target 1: 21.60
Stop Loss: 23.90
Volume: pretty low showing lack of support.
RSI: The new low has been confirmed by a new RSI low of 34.
STO: STO is low so it may be possible to enter a little higher just below 23.
Current Price: 22.63
Target 1: 21.60
Stop Loss: 23.90