$WLD — the first condition for growth has been met
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In the previous analysis, $WLD needed to reclaim 0.53 to move higher. The last completed day closed above this level, so the first condition has been met. Today, the price has already dipped back below it, so a sustained hold has not yet been confirmed. If $WLD holds 0.53 after returning to the level, the scenario of a move toward the weekly area at 0.57 remains in play. A daily close of $WLD below 0.53 would invalidate the breakout confirmation. The previous thesis that the base would hold is fully invalidated below 0.459.
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In the previous analysis, $WLD needed to reclaim 0.53 to move higher. The last completed day closed above this level, so the first condition has been met. Today, the price has already dipped back below it, so a sustained hold has not yet been confirmed. If $WLD holds 0.53 after returning to the level, the scenario of a move toward the weekly area at 0.57 remains in play. A daily close of $WLD below 0.53 would invalidate the breakout confirmation. The previous thesis that the base would hold is fully invalidated below 0.459.