$WLD In the previous post I wrote that I expected the market to pull back to the blue dashed line.
It did, and the sale on the rise and the repurchase in a lower price area worked.
The dynamic support line of the dashed line has an acceptable speed for this timeframe of 15 minutes or one hour.
The other support would be the white dashed line, which is for a timeframe of 1 day or one week—more for the long term.
The small red arrows were the moments of selling, and the green ones were the moments of buying.
For the bullish move, what stands out is that the last bullish impulse did not exceed the previous high, and the low is at the same level as the previous low. This could mean a period of sideways trading may begin in this price area.
I see strong resistance below 0.405 due to the number of buy orders placed. #wld
It did, and the sale on the rise and the repurchase in a lower price area worked.
The dynamic support line of the dashed line has an acceptable speed for this timeframe of 15 minutes or one hour.
The other support would be the white dashed line, which is for a timeframe of 1 day or one week—more for the long term.
The small red arrows were the moments of selling, and the green ones were the moments of buying.
For the bullish move, what stands out is that the last bullish impulse did not exceed the previous high, and the low is at the same level as the previous low. This could mean a period of sideways trading may begin in this price area.
I see strong resistance below 0.405 due to the number of buy orders placed. #wld
