WIF has been falling for many days. Will the market break through and usher in a reversal?
The left side of the callback of 0.618-0.666 mentioned last time has rebounded effectively. It can be seen that the bullish wedge of the current trend has been broken. You can wait for the right side to enter the market
Point: As long as the callback does not break 3.0700, you can enter. The stop loss is placed at the previous low of 3.0700
Take profit: The first stop profit is around 3.5, the second stop profit is around 3.78, and the third stop profit is around 4.08
Referring to Dow 123 Theory, it is currently 1, breaking through the trend line, 2 callback does not break the new low, 3 breaking the previous high to create a new high. What we have to do is to enter the market when it is infinitely close to the previous low
