One of the most basic and "simple" patterns. However, it should preferably not be traded as the only affirmative factor. Here we have structure that coincides on the same level as the AB = CD pattern 1: 1 point (D point). In addition, we are also awaiting confirmation of RSI. A first target is structure that coincides with 38.2%.
Should the AB = CD 1: 1 pattern not stop at the D-point, we have a possible Bat pattern just below which becomes the next point of interest.