Hello traders!

It's a J pattern and a correction on the top. I have already made an educational post on this pattern. you can see in the chart below.

The start of the J pattern will work as a support. If it keeps falling like this, then it means support will work fine, but if it gives a hard drop at the support area, then no one can save eurusd from going below 1.10000.

There are three types of formation after the J pattern. To understand better look at the chart below.

J Shape Formation


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Bearish PatternsChart PatternsEURUSDjpatternWave Analysis

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