Hi Traders,
DREP had a nice rally and peaked with a 40% pullback which usually gives a nice bounce or rally falling short from its previous high (now expecting)
This tends to be the hallmarks of a Wyckoff Distribution or Re-accumulation structure.
For now it can be a break out from a wedge or take form of an inverse H & S.
Its very unlikely that we can have a deep pullback but more so, a ranging price action in this box in the coming weeks.
All the best,
S.SAri
DREP had a nice rally and peaked with a 40% pullback which usually gives a nice bounce or rally falling short from its previous high (now expecting)
This tends to be the hallmarks of a Wyckoff Distribution or Re-accumulation structure.
For now it can be a break out from a wedge or take form of an inverse H & S.
Its very unlikely that we can have a deep pullback but more so, a ranging price action in this box in the coming weeks.
All the best,
S.SAri
Comment:
resistance level is clear...so a breakout trade or pullback for an inverse H&S
Comment:
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
