$WLD breaks through 0.5 support, current price 0.4873.
Key price levels above and below—my habit is to watch three points at 3:
① Close: a wick piercing through during the session doesn’t count. Only when the entire candlestick closes below 0.5 is it a real break;
② Rebound: whether it can reclaim the 0.5 area during a bounce. If it can’t, then support turns into resistance;
③ Volume: when the price breaks below, whether volume expands. A break with low volume is more likely to be false.
#WLD
This content does not constitute any investment advice.
Key price levels above and below—my habit is to watch three points at 3:
① Close: a wick piercing through during the session doesn’t count. Only when the entire candlestick closes below 0.5 is it a real break;
② Rebound: whether it can reclaim the 0.5 area during a bounce. If it can’t, then support turns into resistance;
③ Volume: when the price breaks below, whether volume expands. A break with low volume is more likely to be false.
#WLD
This content does not constitute any investment advice.