Until the market VOWD trading between MONSTER GAP of 143.55 & 160.20 (sep`15) again traders have still to overcome only one hurdle. The MINI GAP between 141.40 & 142.45 (which was created between last trading day `15 & first trading day `16) & 1st Quartal`16 high (139.35).
All in all VOWD got a flat year 2016!
And therefore have a argusauge on the downside,...
We have a triangle pattern in development on weekly timeframe.
We have also huge gap which has not been filled yet.
There is still posibility for new H3 and L3 of pattern in making.
I have a two strategy to play this out :
1 - early entry if price pull back to yellow zone with SL below it with much beeter RR
2 - tradinional entry when price break out fom...
VW is far from its ATH. Since mid 2015 the stock has entered into a downwards spiral, yet another one, after an insane drop in 2009. Currently price is correcting, but just waiting to break through the marked fractal support and possibly establish new lows. The time between 2009 and 2015 was not full of upside momentum taking prices significantly higher. It seems...
