WLD formed a symmetrical triangle after a sharp advance. The price has broken above the triangle’s descending trendline with bullish follow-through candles. Buyers have been defending the rising lower trendline, and RSI has recovered from mid-range to ~59 — momentum is building but not overbought.
Key observations
Pattern: Symmetrical triangle → breakout to the upside on the hourly chart.
Candles: Breakout candle followed by bullish follow-through; watch for a clean retest of the breakout trendline as confirmation.
Momentum: RSI ~59 (room to run).
Support: 1.53 (strong demand area and triangle base).
Immediate resistance cluster: 1.87 → 2.02 → 2.23.
Trade plan (if you choose to take it)
Entry: 1.65 – 1.70
Stop loss: 1.53 (invalidation of triangle breakout)
Targets:
T1: 1.87 — Expected profit ≈ 10.00% – 13.33% (entry 1.70 → 1.65).
T2: 2.02 — Expected profit ≈ 18.82% – 22.42%.
T3: 2.23 — Expected profit ≈ 31.18% – 35.15%.
Risk if stopped: loss ≈ 7.27% – 10.00% (depending on entry within the range).
Risk notes / invalidation
Loss of 1.53 would invalidate the breakout and likely push price back to lower supports; treat 1.53 as the key invalidation level.
Ideal confirmation: retest of breakout trendline with clean rejection and/or volume confirmation.
Not Financial Advice | DYOR !!
Key observations
Pattern: Symmetrical triangle → breakout to the upside on the hourly chart.
Candles: Breakout candle followed by bullish follow-through; watch for a clean retest of the breakout trendline as confirmation.
Momentum: RSI ~59 (room to run).
Support: 1.53 (strong demand area and triangle base).
Immediate resistance cluster: 1.87 → 2.02 → 2.23.
Trade plan (if you choose to take it)
Entry: 1.65 – 1.70
Stop loss: 1.53 (invalidation of triangle breakout)
Targets:
T1: 1.87 — Expected profit ≈ 10.00% – 13.33% (entry 1.70 → 1.65).
T2: 2.02 — Expected profit ≈ 18.82% – 22.42%.
T3: 2.23 — Expected profit ≈ 31.18% – 35.15%.
Risk if stopped: loss ≈ 7.27% – 10.00% (depending on entry within the range).
Risk notes / invalidation
Loss of 1.53 would invalidate the breakout and likely push price back to lower supports; treat 1.53 as the key invalidation level.
Ideal confirmation: retest of breakout trendline with clean rejection and/or volume confirmation.
Not Financial Advice | DYOR !!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.