We have a of the XA , the AB and the BC 1.414 inverted extension at approximately the same level. The pattern should complete in the PRZ zone which extends down to X which is a level that is likely to be tested again before the reversal.
Personally I would go long just below the 176.00 even handle and put stops min 10 pips below X. Targets are the 382 and 618 retracements of the CD move.
We could see a potential reversal down around both targets for a move further down and a continuation of the trend.
Whether you are a day trader, swing trader or position trader. If you trade stocks, options, forex or crypto, every trader should be able to identify with our exclusive designs.
Might I add though this is a great idea and obviously has worked out so far with the bounce off the PRZ.