๐ง ๐ SIMPLE EXPLANATION OF STRETCH LOGIC IN WLD
Imagine the price of WLD as a rubber band.
When the price skyrockets and strays far from the average, the rubber band gets "stretched".
To gauge this, we use a metric called "S".
It shows how far the price is from the average compared to the strength of market movements.
โ Low S = calm market
โ ๏ธ Medium S = strong trend
๐ฅ Very high S = price stretched too much and risky
Currently, WLD seems:
strong;
still climbing;
but entering a zone where violent movements could happen.
This means: ๐ it can still go higher
โ ๏ธ but a quick "stop hunt" could also occur.
Simple summary: ๐ WLD still looks bullish, but the market is starting to get emotional and risky for latecomers.
Imagine the price of WLD as a rubber band.
When the price skyrockets and strays far from the average, the rubber band gets "stretched".
To gauge this, we use a metric called "S".
It shows how far the price is from the average compared to the strength of market movements.
โ Low S = calm market
โ ๏ธ Medium S = strong trend
๐ฅ Very high S = price stretched too much and risky
Currently, WLD seems:
strong;
still climbing;
but entering a zone where violent movements could happen.
This means: ๐ it can still go higher
โ ๏ธ but a quick "stop hunt" could also occur.
Simple summary: ๐ WLD still looks bullish, but the market is starting to get emotional and risky for latecomers.