$WLD — first, it needs to reclaim 0.57
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The last completed daily session closed below the 20-day average. The rise toward the recent peak gave way to a pullback.
A daily close of $WLD above 0.57, followed by holding that level on a retest, would strengthen the case for a test of 0.62. A move into the weekly zone of 0.65–0.66 would require clearing that peak too.
A close of $WLD below 0.459 would invalidate the thesis that the recovery base is holding.
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The last completed daily session closed below the 20-day average. The rise toward the recent peak gave way to a pullback.
A daily close of $WLD above 0.57, followed by holding that level on a retest, would strengthen the case for a test of 0.62. A move into the weekly zone of 0.65–0.66 would require clearing that peak too.
A close of $WLD below 0.459 would invalidate the thesis that the recovery base is holding.