$WAL 30 hit a new high today at 0.05323, above the previous high of 0.05033.
After a new high, there are three common patterns:
① Pull back to the previous high without breaking below it, then make a new high: strongest
② Move sideways around the previous high: consolidation while waiting for direction
③ Fall straight back below the previous high and fail to regain it: false breakout
For now, the price is still above the previous high. Watch to see whether it follows pattern ① or ②.
#WAL
It’s your money. You decide what to do with it.
After a new high, there are three common patterns:
① Pull back to the previous high without breaking below it, then make a new high: strongest
② Move sideways around the previous high: consolidation while waiting for direction
③ Fall straight back below the previous high and fail to regain it: false breakout
For now, the price is still above the previous high. Watch to see whether it follows pattern ① or ②.
#WAL
It’s your money. You decide what to do with it.