On the daily chart, there was a potential bull bat pattern. However, on the 4H chart, with market still indicating a bearish momentum, we have ourselves here a potential bearish Gartley pattern. Normally, harmonic patterns are used for counter trend trading, but in this case, the bearish Gartley pattern can be use as a trend continuation trade. Plus, RSI is indicating some bearish divergence.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.