Goods day all,
For today session prepared two ideas. One is short and I will use it for swing. It is WPI daily bear flag. If we look at monthly chart we can see very strong uptrend action, but also we can see CCI divergence what suggest for pull back. After strong move down from high WPI formed flag with much weaker pace then selling pace what suggest for another selling wave and reversal pattern (avalanche). On the other side I like SPWRA bounce possibility after daily consolidation. Monday brought doji bar and I will look for long above it and run to $10 previous high and number resistance area. SPWRA sitting at strong monthly support and with CCI support suggests that odds for that action are very high.
If anyone will have any question about of those ideas feel free to contact me
Wish you all good trading day
Ivica Juracic
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