Technical analysis by pollux3000 about Symbol WLD: Buy recommendation (11/14/2024)

Long term analysis WLDUSDT witnessed a powerful bullish wave between July 2023 and March 2024. A corrective wave (around -90%) followed and formed a consolidation range on the weekly time fram. This range has formed an inverted Head and Shoulder pattern. The narrow Bollinger bands and the recent golden cross hint at a potential explosive move. StrategyBuy on the break of the H&S pattern neck line at 2.50$ or wait for a daily close above the weekly Bollinger Bands:Objective 1: back to the next resistance at 4.25$ (+70%)Objective 2: Following resistance at 6.5$ (+160%)Objective 3: ATH at 12$ (+380%)Invalidation Mental Stop: below the last low of 2.12$ If prices retrace to this level we will wait for the daily close price then set a Stop loss ¼ or Risk below the daily close price.Buy signal just flashed, let's monitor the tradeWLD was very close (1% short) to our first objective. The price then retrace and triggered our protective stop at 3.45$. Market exit around 35% for this trade. Let's move on and focus on our next opportunities.