Potential Scenarios
Inverse head-and-shoulders on DYL is a downsloping pattern, weaker as a signal but still a potential bullish reversal. A close below 1.53 would invalidate the signal.
Scenario A — Likelihood 20%
A close above the neckline confirms. First target: 1.88 (gap fill), then 2.25 (second gap fill). If price resurges, aim to re-enter and reach the top of the upper parallel channel.
Scenario B — Likelihood 45%
Close below 1.53 confirms downside. Targets: 1.35 (gap fill back to June), then 1.20 (gap fill from May). A lower target near 0.88 is bearish but possible; expect a quick recapture of the lower boundary on the lower parallel channel and a move back toward the top of the channel above 2.00.
Scenario C — Likelihood 35%
Price may reach 2.25 or form a double top near 2.49 before reversing. If that occurs, path then resembles Scenario B.
Inverse head-and-shoulders on DYL is a downsloping pattern, weaker as a signal but still a potential bullish reversal. A close below 1.53 would invalidate the signal.
Scenario A — Likelihood 20%
A close above the neckline confirms. First target: 1.88 (gap fill), then 2.25 (second gap fill). If price resurges, aim to re-enter and reach the top of the upper parallel channel.
Scenario B — Likelihood 45%
Close below 1.53 confirms downside. Targets: 1.35 (gap fill back to June), then 1.20 (gap fill from May). A lower target near 0.88 is bearish but possible; expect a quick recapture of the lower boundary on the lower parallel channel and a move back toward the top of the channel above 2.00.
Scenario C — Likelihood 35%
Price may reach 2.25 or form a double top near 2.49 before reversing. If that occurs, path then resembles Scenario B.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.