$WLD remains under heavy pressure, trading inside a clear descending channel on the daily timeframe. Every bounce so far has been corrective, with price failing to reclaim the upper boundary.
As long as WLD stays below the channel resistance, downside risk remains dominant. This move looks more like stabilization after distribution, not a trend shift yet. Structure needs to change before any bullish expectations make sense.$WLD
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MARKET UPDATE: $WLD
$WLD remains under heavy pressure, trading inside a clear descending channel on the daily timeframe. Every bounce so far has been corrective, with price failing to reclaim the upper boundary.
As long as WLD stays below the channel resistance, downside risk remains dominant. This move looks more like stabilization after distribution, not a trend shift yet. Structure needs to change before any bullish expectations make sense.$WLD