#wld $WLD
I sold part of my holdings to buy back on the pullback.
Looking at the 1-day timeframe, with today's candle this would be three consecutive days of pullback, heading toward the 20-period EMA. I see the MACD already losing momentum and the RSI in overbought territory.
I placed the buyback order at 0.5100 because that zone was previously resistance and could now act as support, and it coincides with the white support line I drew.
On the 4-hour timeframe, the pullback is clearer, as is where the price could go—in this case, to the 200-period EMA. The MACD is already indicating a pullback, and the RSI is in oversold territory. On this timeframe, the buyback zone could shift to 0.470 if there is a deep pullback.
On the 1-hour timeframe, I drew a line at 0.4774 as a guide. If the pullback continues, that could be another buyback zone due to the polarity flip: it was resistance before and then acted as support twice.
This is what I did with WLD today and what I analyzed.
I sold part of my holdings to buy back on the pullback.
Looking at the 1-day timeframe, with today's candle this would be three consecutive days of pullback, heading toward the 20-period EMA. I see the MACD already losing momentum and the RSI in overbought territory.
I placed the buyback order at 0.5100 because that zone was previously resistance and could now act as support, and it coincides with the white support line I drew.
On the 4-hour timeframe, the pullback is clearer, as is where the price could go—in this case, to the 200-period EMA. The MACD is already indicating a pullback, and the RSI is in oversold territory. On this timeframe, the buyback zone could shift to 0.470 if there is a deep pullback.
On the 1-hour timeframe, I drew a line at 0.4774 as a guide. If the pullback continues, that could be another buyback zone due to the polarity flip: it was resistance before and then acted as support twice.
This is what I did with WLD today and what I analyzed.
