WHC ran out of steam and couldn't take out the previous high,
Looking like it needs to "recharge" which in stockland world mean it needs to shake the fark out of the weak Coal Tourists make them sell scoop up the liquidity then run it past the highs.
If it breaks below range low marked on the chart approx 7.76 this will trigger a cascade of stops pushing price lower maybe below a Key Previous Macro ATH and 2010 ATH..
If this happen il be looking for a reclaim of these levels along with keeping an Eye on Newcastle Coal Futures for a similar setup.
This is the trigger and plan and it a macro swing trade so could take weeks or even months. Either way,, all we do it wait and look for more ops
Looking like it needs to "recharge" which in stockland world mean it needs to shake the fark out of the weak Coal Tourists make them sell scoop up the liquidity then run it past the highs.
If it breaks below range low marked on the chart approx 7.76 this will trigger a cascade of stops pushing price lower maybe below a Key Previous Macro ATH and 2010 ATH..
If this happen il be looking for a reclaim of these levels along with keeping an Eye on Newcastle Coal Futures for a similar setup.
This is the trigger and plan and it a macro swing trade so could take weeks or even months. Either way,, all we do it wait and look for more ops
