im looking of retest of the structure to get long or if there is any sort of pin bar or bullish candle entering on the 4Hr chart for my confirmation. my target will be around 61.8 of CD retracement
Potential shorting opportunity
I'm going to look for this Bat Pattern setup, Target @61.8
Look at area for shorting opportunity
Looking at the price action at D area, there is an opportunity to go short with high reward and low risk. Trade your own plan
This is my trade ideas based on the setup. Only if the market moves upward and break the B level. We could see several Potential reversal zone on that area D. Trade follow your rule. Ummm if you ask why butterfly, you can say its a dinosaur pattern too :) coz the B is 0.786 retracement of XA. Okay
EVERYONE TRADE ACCORDING TO THEIR OWN SETS OF RULES
I think after consolidation price will move upward for short term :)
IF THE DAILY CANDLE SHOWS THE STRENGTH OF THE BULLISH, WE WILL SEE FOR SHORT TERM IT WILL GO TO FIND THE TRENDLINE
we will see the break below the support level