DBW in TTF FM hourly. New up or Gap Close
The TTF FM is trapped in a sideway movement. After a cone and SKS formation which was resolved bearish with the slump to 43,2 we now see a completed but still not active DBW. The ideal upper target (box) is 51, the statistical target is the equal to the important top at 49.5
The bearish breakout would be at 43,2 and would imply the gap close at 37.
Typically DBW are most of the time bullish reversal/continuation figures, thus a bullish break out is the more likely case.
The bearish breakout would be at 43,2 and would imply the gap close at 37.
Typically DBW are most of the time bullish reversal/continuation figures, thus a bullish break out is the more likely case.