SHIB seems to be following the Wykoff schematic as laid out. I believe we are experiencing a SOS or sign of strength. This is not financial advice.
*
SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst's interpretation of that prior action. LPS—last point of support, the low point of a reaction or pullback after a SOS.
Reference:
school.stockcha...ts.com/doku.php?id=market_...
*
SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst's interpretation of that prior action. LPS—last point of support, the low point of a reaction or pullback after a SOS.
Reference:
school.stockcha...ts.com/doku.php?id=market_...
