$WLD is down 96% from its ATH.
And I think this is exactly where most traders confuse opportunity with insanity.
At $0.39, the risk is obvious.
What's less obvious is what happens if this multi-year base actually holds.
I'm watching for a shift in the weekly structure. That's where the real story begins.
$12 is the old ATH. $17 is my extreme bull case.
Sounds ridiculous today.
But the biggest moves usually sound ridiculous before the market gives you a reason to believe in them.
And I think this is exactly where most traders confuse opportunity with insanity.
At $0.39, the risk is obvious.
What's less obvious is what happens if this multi-year base actually holds.
I'm watching for a shift in the weekly structure. That's where the real story begins.
$12 is the old ATH. $17 is my extreme bull case.
Sounds ridiculous today.
But the biggest moves usually sound ridiculous before the market gives you a reason to believe in them.
