DYL Price Scenarios: Bullish Reversal vs. Breakdown

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DYL Price Scenarios: Bullish Reversal vs. BreakdownDeep Yellow LimitedASX_DLY:DYLjohnmknoxPotential Scenarios Inverse head-and-shoulders on DYL is a downsloping pattern, weaker as a signal but still a potential bullish reversal. A close below 1.53 would invalidate the signal. Scenario A — Likelihood 20% A close above the neckline confirms. First target: 1.88 (gap fill), then 2.25 (second gap fill). If price resurges, aim to re-enter and reach the top of the upper parallel channel. Scenario B — Likelihood 45% Close below 1.53 confirms downside. Targets: 1.35 (gap fill back to June), then 1.20 (gap fill from May). A lower target near 0.88 is bearish but possible; expect a quick recapture of the lower boundary on the lower parallel channel and a move back toward the top of the channel above 2.00. Scenario C — Likelihood 35% Price may reach 2.25 or form a double top near 2.49 before reversing. If that occurs, path then resembles Scenario B.