WLTH

WLTH remains in an early Stage 1 base after the sharp June breakdown, with the active Support Failure pattern pointing to further downside. The medium-term tradable side is bearish, but short-term price action is range-bound around the EMAs, so execution should be deferred. Look to initiate short positions near the upper boundary of the July consolidation (~9.6 area) for a rejection. Key risk is a false breakdown if price reclaims and holds above the early-July highs.

• ↑Total platform assets rose 19% YoY to $96.6B; investment advisory assets +39%.
• ↑Executed $100M share repurchase, deploying $27M at an average price of $8.66.
• ↓Cash management revenue dropped 1% YoY due to reduced fee rates.