$WLD has fallen below the 0.49 level, with the current price at 0.4889.
Near key price levels, I usually look at three things:
① Closing price: An intraday dip below the level doesn’t count; it’s a confirmed break only if the entire candlestick closes below 0.49.
② Rebound: Can the price recover 0.49 when it bounces back near that level? If it can’t, the reversal is confirmed.
③ Volume: Did trading volume increase during the break? Breaks on lower volume are more likely to be reversed.
#WLD
Just a market observation. Please make your own trading decisions.
Near key price levels, I usually look at three things:
① Closing price: An intraday dip below the level doesn’t count; it’s a confirmed break only if the entire candlestick closes below 0.49.
② Rebound: Can the price recover 0.49 when it bounces back near that level? If it can’t, the reversal is confirmed.
③ Volume: Did trading volume increase during the break? Breaks on lower volume are more likely to be reversed.
#WLD
Just a market observation. Please make your own trading decisions.