WLFI bounced over 6% off the 0.0551 low in two days to 0.0585, but it is still trapped beneath a run of lower highs that has capped every rally since late August.
At 0.0593 to 0.0603 two late-August peaks meet the upper resistance band, and a signal of price rising while the force behind it fades lands on that same shelf.
A close above 0.0615 would reclaim the roughly 100-day average price line and break the bearish case, which is precisely why the stop sits just above it.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
