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WMT 2H 2024 Ascending Channel

WMT 2H 2024 Ascending Channel

Summary

WMT has traded in ascending channels for the majority of 2024.

A breakout through the top of the ascending channel pattern after 11/25 resulted in the stock stalling out with two falling three methods patterns in a row which completed on 12/12 and 12/18. Since then, the stock has been testing lows of its ascending channel as has found support within the lower shadow of the candle occurring on 12/23.

Key Patterns

8/15 thru at least 11/22 - Ascending Channel

12/12, 12/18 - Falling Three Methods 📚

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