So, unless WLD breaks above $1.50 and holds that level (in which case, $4 would be the target and we might see an invertes H&S), losing the $1 support could lead to a breakdown below the previous low. If that happens, I expect the bearish trend to continue. Based on two confirmations, I believe the price could drop to $0.30, before the bulls return.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.