$WLD — quick read: short. Guys, this range is getting tight and I'm fading the bounce.
It's stuck in this defined range between the floor and that old swing high. The recent candle threw up a long upper wick, which screams immediate selling pressure up top. The short-term MA is totally flat, so there's zero conviction pushing it up. I'm waiting for that decisive close below the floor to trigger the fade. If it pops over that resistance, I'm done.
Plan (15m only): entry ~0.33600 · SL 0.34104 · TP 0.32760 · R:R 1.67
15m only — not a swing call.
#MarketAnalysis
It's stuck in this defined range between the floor and that old swing high. The recent candle threw up a long upper wick, which screams immediate selling pressure up top. The short-term MA is totally flat, so there's zero conviction pushing it up. I'm waiting for that decisive close below the floor to trigger the fade. If it pops over that resistance, I'm done.
Plan (15m only): entry ~0.33600 · SL 0.34104 · TP 0.32760 · R:R 1.67
15m only — not a swing call.
#MarketAnalysis