right shoulder's TTL bounces priceaction back into the diamond.
Updated
A very bullish sign here as the 1hr head and shoulder pattern hiding within the 3hr diamond just decided to go on and dust it's shoulder off as price action bounces off the right shoulder of the head and shoulder's top trendline and has now been bounced back into the diamond pulling off a very successful bear trap....this increases probability of a bullish breakout but we must remain vigilant in our cal composures until a bullish breakout is confirmed it could easily follow a bear rap up with a bull trap as it often likes to liquidate shorts and longs within the same pattern. my bias is bullish but until confirmation the idea remains neutral.
Note
I myself bought the dip here. We want the current 4hr candle and also what will be the 1day candle to close inside the diamond or above it. Also, we can see here he 4hr 50ma(which just golden crossed by the way) is currently overlapping the Adam & Eve Double Bottom's neckline for some very solid double reinforced support...in my opinion this key area maintaining support for the next 1-2 1day candles should undoubtedly lead to the inevitable double bottom breakout with the 13.1k target.
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