$WLD
Do a little fakeout…
Hit 0.4792 and then quickly bounce back.
The key is that the bounce happened with strong selling, but 0.4501 stayed put.
Also on the 4H timeframe, the biggest sell pressure showed up around 29 million WLD; still, the price didn’t break the low.
That’s why the 0.4500–0.4540 zone is now the most important area on the chart.
Holding it with a clear rebound first opens the way to 0.4774–0.4792, then 0.5058.
As for 0.4411, if it breaks it means this scenario is over.
$WLD
Do a little fakeout…
Hit 0.4792 and then quickly bounce back.
The key is that the bounce happened with strong selling, but 0.4501 stayed put.
Also on the 4H timeframe, the biggest sell pressure showed up around 29 million WLD; still, the price didn’t break the low.
That’s why the 0.4500–0.4540 zone is now the most important area on the chart.
Holding it with a clear rebound first opens the way to 0.4774–0.4792, then 0.5058.
As for 0.4411, if it breaks it means this scenario is over.
$WLD