WORK forms an ending diagonal
Hello,
What is WORK?
(NYSE: WORK) Slack Technologies Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014. Slack Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
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My Thoughts For You
I have hopefully have identified an ending diagonal, the count was tuff and this is the best I could come up with to make sense of the price action. The wave 4 correction lands on the .786% retrace of wave 3 and so happens to be what was resistance should become support. We should see a bounce from this area and then head up towards the wave 5 target, which is 1.618% of wave 4.
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
What is WORK?
(NYSE: WORK) Slack Technologies Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014. Slack Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
News
My Thoughts For You
I have hopefully have identified an ending diagonal, the count was tuff and this is the best I could come up with to make sense of the price action. The wave 4 correction lands on the .786% retrace of wave 3 and so happens to be what was resistance should become support. We should see a bounce from this area and then head up towards the wave 5 target, which is 1.618% of wave 4.
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
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