DB POSSIBLE PATTERN FORMING IN H4 TF
As per observation price breaks 56500 and then came back to retest it. Mean while it was also intimated that it may go into hibernation for a while it happened also. Further we were waiting for the FVG above it to be filled and finally it was filled.
Now there is a possible Double Bottom formation is initiating that may lead to price test immediate low of 53xxx level and get support from it making a perfect double bottom there. We have to wait further for two days for its completion and trigger. There are two positions of buys, one at bottom 53xxx and other at the break point 58300.
NOTE:- Price may not go exactly as patternized and there is always a space for ups and down ( I keep $300 +/-) for my observations. We can only observe the possibilities to pick a high probability trade.
Good Luck !
