Technical analysis by Zorroreny about Symbol WOO on 4/18/2025

WOO broke support range and there is no signal for reversal yet. We are oversold, but have no bullish divergence forming. We might get some local bounce up but I believe we still need to hit fibb 1.618 extension and from there we can start forming bigger move which will test the range we lost, form higher low and then test diagonal resistance line. Only when we see bottom in - double zigzag correction done can we start thinking about higher targets.