The price has almost created a down trend on the 1 hour frame and it (may) reach the Demand Zone.
If it reaches the demand zone and a clear reversed head & shoulder or double bottom pattern is created inside the zone and the nick line is broken then I see price would jump up to the nearest moving average or swing high.
YOU NEED TO KNOW HOW TO TRADE THE HEAD AND SHOULDER AND DOUBLE TOP PATTERNS, PLUS YOU SHOULD KNOW HOW TO ENTER THE TRADE WITH THE RIGHT RISK MANAGEMENT. OTHERWISE DO NOT ENTER THE TRADE.
If it reaches the demand zone and a clear reversed head & shoulder or double bottom pattern is created inside the zone and the nick line is broken then I see price would jump up to the nearest moving average or swing high.
YOU NEED TO KNOW HOW TO TRADE THE HEAD AND SHOULDER AND DOUBLE TOP PATTERNS, PLUS YOU SHOULD KNOW HOW TO ENTER THE TRADE WITH THE RIGHT RISK MANAGEMENT. OTHERWISE DO NOT ENTER THE TRADE.