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WIF just punched through that falling wedge pattern on the daily chart—and did it with conviction, not some weak candle. We're talking clean breakout momentum here.
Right now? Classic retest phase. Price is coming back to check if that breakout level holds as new support. If this retest confirms solid—and it's looking decent so far—we could be staring at a 160-170% upside move in the near term. That's the technical setup anyway.
The wedge pattern doesn't lie when it breaks properly. Question is whether bulls can defend this retest zone or if we see another fakeout. Volume and candle closes will tell the story over the next few sessions.
If it were really that strong, it would have skyrocketed long ago. Now it’s just a matter of whether it can hold steady.