These are examples of Ascending Inverted Scallop
Price can be seen to continue up in a curved fashion which is a key factor of the ascending scallop
Breakout's occur along the curve and once the scallop has reached a horizontal level price takes off
Honestly I have a bit of a neutral view of NU, As Price could still continue correcting into a HTF continuation correction to the upside however, if we get the short play this is what I'll be looking for the "M" style pattern as we know is a strong reversal play which plays out well. The LTF correction after the breakout will be our entry to the downside. The...
Previously I had a Long bias on this, was hoping structure would create a larger descending within the HTF structure but that didn't pan out. Now I'm focused on the ascending structure that's forming within that ascending it looks like there's another ascending within, Waiting on the Correction after the breakout entry of the inner LTF ascending.
