Dead Cat Demand Zone? - Double Bearish Bull Setup ImminentCHARTS:
The recent drop confirms a strong uptrend to the downside. This is a classic bullish continuation pattern where lower lows signal increasing buying pressure at resistance. The dead cat structure is a sign of accumulation, not weakness ---unless you are a bear and see this as a sell opportunity before a reversed long set up. Expect a breakout to $54–$76 within the week(s).
ALWAYS REMEMBER:
You must go up before you go down, never down before you go up, unless you were already down, in which case you’ve technically already gone up—just downward.
I'm not a financial advisor.
