$WLD fell below the 0.55 level. Two possible scenarios next:
① It bounces back but fails to reclaim 0.55 → the level turns into resistance, with the 24h low of 0.5437 as the first downside target.
② It quickly reclaims 0.55 → this was probably just a wick, and short positions may get squeezed instead.
I’m more focused on how the first bounce plays out.
#WLD
① It bounces back but fails to reclaim 0.55 → the level turns into resistance, with the 24h low of 0.5437 as the first downside target.
② It quickly reclaims 0.55 → this was probably just a wick, and short positions may get squeezed instead.
I’m more focused on how the first bounce plays out.
#WLD