$WLD 24-hour high, current price 0.507, previous high 0.5051.
After a new high, three common patterns are:
① Pull back to the previous high, hold, then move up another step: the healthiest scenario
② Move sideways near the previous high: consolidation as the market waits for direction
③ Quickly fall back below the previous high and fail to reclaim it: a false breakout
Price is still above the previous high, so for now, let’s see whether it’s scenario ① or ②.
#WLD
This view may be wrong. Trade at your own risk.
After a new high, three common patterns are:
① Pull back to the previous high, hold, then move up another step: the healthiest scenario
② Move sideways near the previous high: consolidation as the market waits for direction
③ Quickly fall back below the previous high and fail to reclaim it: a false breakout
Price is still above the previous high, so for now, let’s see whether it’s scenario ① or ②.
#WLD
This view may be wrong. Trade at your own risk.