Hi all,
At the end of distribution, we got a strong bounce instead of mark down and the following pattern is a W shaped double bottom formation which is now becoming an inverse head and shoulders. This is bullish and if we get a bounce from 55.850, this can turn in to a breakout.
My stop buy order is ready if this happens, but if you want to take the risk, you can take this trade with a stop loss.
Good luck!
At the end of distribution, we got a strong bounce instead of mark down and the following pattern is a W shaped double bottom formation which is now becoming an inverse head and shoulders. This is bullish and if we get a bounce from 55.850, this can turn in to a breakout.
My stop buy order is ready if this happens, but if you want to take the risk, you can take this trade with a stop loss.
Good luck!
Comment:
A wick to 56.900 and breakout possible!
