$WLD breached 0.5 level; current price 0.4865.
Near the key price zone, I generally look at three points:
① Hold firm: An intraday break below doesn’t count. Only when the entire K-line closes below 0.5 can it be considered a valid breakdown;
② Retest: Can the bounce reclaim the area around 0.5? If it can’t be reclaimed, it’s considered a reversal of the situation;
③ Volume/energy: When the breakdown happens, is the trading volume keeping up? Lower volume breakdowns are more likely to be recovered.
#WLD
The above is a compilation of publicly available information—please verify it yourself.
Near the key price zone, I generally look at three points:
① Hold firm: An intraday break below doesn’t count. Only when the entire K-line closes below 0.5 can it be considered a valid breakdown;
② Retest: Can the bounce reclaim the area around 0.5? If it can’t be reclaimed, it’s considered a reversal of the situation;
③ Volume/energy: When the breakdown happens, is the trading volume keeping up? Lower volume breakdowns are more likely to be recovered.
#WLD
The above is a compilation of publicly available information—please verify it yourself.