great pattern....im not sure it make sense or not...but with my understanding of eilliot wave...i think it make sense.....the price fail to find its higher high...and with my price action understanding, the price seems hard to break the resistance...let see how make sense it is....thanks for comment!!
price are consolidate now...so the next movement must be motive wave downward...
i dont know pattern..wat kind of pattern is this?butterfly?
it's a Gartley Bearish (one of many Harmonic pattern), to place that point, TP, SL. PRZ (potential reversal zone) is simple use the fibo retracement. please, see the internet, a lot of explanation there.