The hourly chart for $WLD presented in 1000013919.jpg shows a constructive bottoming structure followed by a sharp recovery into a tight consolidation phase. After building a solid support base around the 24-hour low near 0.4159, the price posted an aggressive impulse to clear structural lower highs and hit a peak near 0.5132. The asset is currently compressing in a tightening range around 0.4690, absorbing overhead liquidity and setting up a potential bullish pennant break that could catalyze the next move higher.
Target 1: 0.5130
Target 2: 0.5450
Target 3: 0.5800