Price Is Respecting The Demand Zone

The price shows respect the Demand Zone with bullish engulfing candles on the 4 hours frame.

I see that if the price retests the zone again then we should wait until a reversed head & shoulder or a double bottom patter is shaped and the neck line is broken to look for buying opportunities accordingly.

On the other hand if the price continues going higher without retesting the demand zone again then the new scenario should be waiting for a head & shoulder / double top pattern to be created in the supply zone 1 or supply one 2.


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