$WLD had a strong impulsive move from 0.39 all the way to 0.7229, and it's been digesting that gain for the past several candles. Up 4% today and now testing the MA25 (0.6217) and MB line (0.6175) from underneath after rejecting the highs. Structure still looks constructive price is consolidating well above the rising MA99 (0.5422), which has acted as solid trend support the whole way up. Volume spiked hard on that breakout candle but has cooled off significantly since, which is typical after a move like that; not a red flag yet, just less urgency.

0.62 is the level to watch right now reclaiming it with conviction puts 0.65 and then the 0.7229 high back in play. Lose 0.5866-0.59 and this likely rotates back toward the MA99 zone near 0.54 for a deeper retest. Overall I still read this as bullish consolidation after a strong run, not a top, as long as the 0.54-0.59 zone holds on any dip.