BAKE on the daily timeframe since forming this bearish impulse has also formed this M formation on the daily timeframe. After a M you can expect market to complete the pattern at the neckline which will be our upside target for a intraday position. However we cannot take this trade yet everything is bearish on the lower timeframes. We will be waiting for new bullish price action and our other entry rules to be met on lower timeframes before possibly looking to capitalise on this corrective move to the upside.