WIF - Weekly Oulook

On the weekly timeframe it is very clear to see the best buying zone. If we break the 0.5 fib level we will fall to the 0.618-0.65 fib level. This would put price between $2.40-$2.50. It would also be a perfect retest of our white symmetrical triangle that was previously old resistance that should now act as new support. If this scenario plays out and we find support in that green box we could see a 168% pump to our initial target of $6.40.

Check out our next post "WIF - 4H Bull Flag" to see the contrary scenario.