Shibu Possible price action
So far my buy zone has been holding ever since I watched the break out from its lower channel a couple days ago.
A few possible outcomes after the daily close.
1. Double bottom scenario, revisits the lowest bottom of its bounce, using the middle point as its rounding bottom formation.
2. Lower high, yet Higher low. Making a reversal to the upside.
3. Dead cat bounce and breakdown on the zone if not enough buyers step in.
A few possible outcomes after the daily close.
1. Double bottom scenario, revisits the lowest bottom of its bounce, using the middle point as its rounding bottom formation.
2. Lower high, yet Higher low. Making a reversal to the upside.
3. Dead cat bounce and breakdown on the zone if not enough buyers step in.
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