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Friday, February 2, 2024

February 02, 2024 at 11:33AM #SHIB → Waiting for the corner pattern to break

#SHIB → Waiting for the corner pattern to break

It has a corrective structure in daily and H4 time frames. In a support strip with a corner pattern, it can have two movement paths. If the blue bar is formed by one or more confirmation candles, it can break the dynamic resistance trigger and have a temporary rise to the specified supply area. Otherwise, with the failure from the bottom and confirmation below the blue band, there will be a possibility of continuing the correction to the previous floor.
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