WLD saw an incredible run over the last few weeks, but sadly for the bulls it found strong resistance at 1.90$. Drawing a line from the August top towards the September top and copying/pasting this line at the September lows gives us a falling symmetrical channel.
For now, I'm looking for a move towards the 1$ level, potentially even lower, especially if yesterday's ETF launch was a buy the rumor - sell the news event.
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.