Alikze »» BABYDOGE | Pull back to broken structure
2024-09-27
Category: gaming

🔍 Technical analysis:  Pull back to broken structure 

- According to the analysis presented in the  previous post , after reaching the dynamic trigger, a zigzag correction was encountered, which extended to the floor range of the dynamic correction trigger.

- Currently, in the weekly time frame, after exiting the density, it has succeeded in breaking the neckline, which has advanced to the supply area.

- Now it can continue the upward path in the supply area with a pullback to the range of the blue bar or green box, after the failure of the dynamic trigger, to the next supply range.

💎 Alternative scenario:  In addition, if it faces selling pressure in the supply area and has a sharp correction, this correction can extend to the next blue bar.
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