WOW has been trending upward through October and is now consolidating within a tight accumulation channel. After the recent rally, the price action suggests a period of consolidation as market participants accumulate positions before the next potential move. This narrow range formation typically indicates indecision in the short term, but could set up an interesting setup once we see a break in either direction from this accumulation zone.
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WOW has been trending upward through October and is now consolidating within a tight accumulation channel. After the recent rally, the price action suggests a period of consolidation as market participants accumulate positions before the next potential move. This narrow range formation typically indicates indecision in the short term, but could set up an interesting setup once we see a break in either direction from this accumulation zone.