WLD Update
Updated
In the daily timeframe, WLD is printing an impulsive wave to the downside.
My primary count considers we are in green IV of blue V.
Therefore, I expect a new lower low under the red line (1.937), and then an upside movement initially targeting purple line resistance (2.791).
My primary count considers we are in green IV of blue V.
Therefore, I expect a new lower low under the red line (1.937), and then an upside movement initially targeting purple line resistance (2.791).
Trade closed: target reached
We have reached the expected lower low.
Downtrend is still very strong, so I see no reason to go long yet.
Will keep a watch on reversal patterns.
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