Today, DODO has seemingly breached this pattern and it is showing some price action. Higher highs and higher lows are a prime indicator for a .
This trade is based on the idea that DODO will hit R1 and reverse towards the Entry line. Once it has done that, this signal is valid. Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.