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Whole Foods – great downward potential


Weekly chart:

After the price formed a new low at $ 28.73, it went back into its red correction zone and exhausted it completely up to the upper end at $ 34.78. Now a new movement seems to be beginning in order to continue the trend.


Daily chart:

In the daily chart, too, we can see a very young downtrend, with a correction zone between $ 32.67 and $ 34.16. After the last point two at $ 31.72, the price corrected only slightly, but is now apparently proceeding with its trend once more. With a stop at $ 34.16, one could speculate on the continuation of this trend.


Hourly chart:

In the hourly chart, the trend has already advanced and is currently struggling with the last point two at $ 32.01. With a closing price beneath this marker, the likelihood of a trend continuation increases. The downward potential is still pretty large with this value.


I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading


AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Source: https://www.tradeescort.com/en/
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