WLD is still facing the impact of the bear flag for a long time, and there is a possibility of a breakthrough in the short term?

WLD has been in the bear flag framework since April, and has recently shown a rectangular shape, and the current price is close to the bottom support line of the rectangle, indicating that the market is in a sideways consolidation stage, and may seek support at the bottom of the rectangle in the short term, but the overall trend is still affected by the expected decline of the bear flag. At the same time, the middle track of the Bollinger Band is above the K line, and the short-term market sentiment may still be biased towards the buyer. If the price can find support at the bottom of the rectangle in the short term, the price will rebound. If it breaks through its rectangular bottom, the price will fall further.

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