WAL continues to trade inside a strong descending channel, respecting the overall bearish structure with consistent lower highs.
Price is now forming a tight compression/mini consolidation near the lower half of the channel, showing weakening momentum and lack of bullish continuation. Every bounce is getting capped, confirming seller control.
This type of structure often leads to a breakdown. If support gives way, the next leg down could accelerate toward the channel lows.
As long as price stays below the midline and resistance zones, this remains a bearish continuation setup. The move is building, not reversing.