From last week setup, I was looking at a larger
parallel channel but now I've modified it into a outward expanding structure.
**Price within the expanding structure is forming a possible falling wedge because im
still leaning more bullish base on my HTF bias**
Im forecasting for price to break out of possible right shoulder of the inverse h & s pattern for possible entry.
Some confluences to satisfy my HTF outlook is a falling wedge, a possible double bottom and a
larger expanding structure with other smaller pattern and structures
We can see a HTF daily Descending channel with a HTF double bottom
as well as a larger inverse h & s pattern
parallel channel but now I've modified it into a outward expanding structure.
**Price within the expanding structure is forming a possible falling wedge because im
still leaning more bullish base on my HTF bias**
Im forecasting for price to break out of possible right shoulder of the inverse h & s pattern for possible entry.
Some confluences to satisfy my HTF outlook is a falling wedge, a possible double bottom and a
larger expanding structure with other smaller pattern and structures
We can see a HTF daily Descending channel with a HTF double bottom
as well as a larger inverse h & s pattern