A recent pump lead to the completion of a bearish Bat pattern (purple) that was setting up. Will be looking for a .382 test.
Also, This could eventually lead to a butterfly pattern. So far the ratio's are perfect for a bullish butterfly pattern (orange) to form with bear div helping it.
This only matters if price doesn't violate and rally through the current X levels( high 1580's). If it does do this we can be looking at the completion of a Cypher pattern (red) setting up nicely.
Also, This could eventually lead to a butterfly pattern. So far the ratio's are perfect for a bullish butterfly pattern (orange) to form with bear div helping it.
This only matters if price doesn't violate and rally through the current X levels( high 1580's). If it does do this we can be looking at the completion of a Cypher pattern (red) setting up nicely.