Price in direction to the downtrend top channel, a bearish bat projection emerge but has still room to go higher. Invalidation of this pattern will give place for a Bearish B-Fly pattern projection.
Meanwhile, looks good for long trades in lower TF’s. Keep an eye on the bearish divergence.
Note: Red lines correspond to a Bearish ABCD pattern on M1 chart.
Meanwhile, looks good for long trades in lower TF’s. Keep an eye on the bearish divergence.
Note: Red lines correspond to a Bearish ABCD pattern on M1 chart.
