WMB - Breakout Structure
WMB has reached the top of a down channel at this point it will either break out or break down
I am favouring a break out due to the larger structure on the weekly chart which you can see for yourselves if watching this ticker.
Diagonal double bottom along the thin green line allows for a breakout of the entire down channel.
This double bottom is also supported by the dotted line which can be seen as a strong support line.
I am favouring a break out due to the larger structure on the weekly chart which you can see for yourselves if watching this ticker.
Diagonal double bottom along the thin green line allows for a breakout of the entire down channel.
This double bottom is also supported by the dotted line which can be seen as a strong support line.
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