##{"id":63859,"date":"2014-07-14T10:01:04","date_gmt":"2014-07-14T00:01:04","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2014\/07\/14\/woolies-under-pressure\/"},"modified":"2014-07-14T10:01:04","modified_gmt":"2014-07-14T00:01:04","slug":"woolies-under-pressure","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2014\/07\/14\/woolies-under-pressure\/","title":{"rendered":"Woolies Under Pressure"},"content":{"rendered":"

By Nick Linton-Ffrost<\/p>\n

Emerging Sell<\/strong><\/p>\n

Woolworths ((WOW)) appears to be trading within a 4th wave structure between 35.00 and 36.50 which should be followed by a move south to 34.25 over the next month.<\/p>\n

We suggest looking for sell signals over the next 1-2 weeks between 35.00 and 36.00. Our best guess will be the formation of a bearish triangular pattern.<\/p>\n

Trading above 36.50 for more than three days negates our view.<\/p>\n

Trading tactics<\/strong><\/p>\n

Wait.
\n <\/p>\n

\"\"<\/p>\n

\nAnother trading idea from<\/strong><\/p>\n

Fifth Wave |<\/strong> fwtc.com.au<\/strong><\/a>                                               <\/p>\n

FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27years experience<\/strong>.<\/strong><\/p>\n

 AFSL 319830 |<\/strong> Disclaimer<\/strong><\/a><\/p>\n

Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/p>\n

Technical limitations <\/strong><\/em><\/p>\n

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.<\/strong><\/em><\/p>\n

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Nick Linton-Ffrost of Fifth Wave suggests Woolworths is coming under technical pressure, suggesting an Emerging Sell.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[36],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63859"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=63859"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63859\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=63859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=63859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=63859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}