What's going on Traders, and if you're a Shiba scalper this idea might interest you, okay so we are looking on a 15-minute chart and if you can see all this downtrend that stopped around 22 and did a little pull back to the 26 and he kept going down until 20, after that we just have a range Channel which broke on the 23, and what I want you to guys look this pattern right here, we call this pattern in future Trading the N3, and this usually happens when you see a range or consolidation and then price breaks their resistance and becomes a support before it spikes up, we call it N3 because it's a tree movement pattern as you can see here, 1- 2 - 3 and then the price will reach a new level and what I want you to be alert is if the price bounce on the 23 price, there is more possibility that the price goes higher as you can see on the yellow lines but what happens if the price keeps on falling and make the bounce on the 20 we going to expect a lower high before he makes another pullback and Bounds again so that's about it for now I'm going to wrap this up this is Mike idea on tradingview.com and let me know what you think on the comments below.
have a good one
have a good one