M patterns are known to reverse at the end of the 4th leg.
This one landed between the 1.113 and the 1.272. Rarely do Harmonic patterns hit a Fib level right on the dot.
Leg 2 hit the .786 on the pullback which points to a Butterfly pattern. The Butterfly ends at the 1.272 and price did not quite make it to the 1.272.
An Alternate Bat ends at the 1.113, but it's rules do not allow leg 2 to reach the .786.
So choose (:
Overbought with RSI on 70. Not overbought with RSI on 80.
This one landed between the 1.113 and the 1.272. Rarely do Harmonic patterns hit a Fib level right on the dot.
Leg 2 hit the .786 on the pullback which points to a Butterfly pattern. The Butterfly ends at the 1.272 and price did not quite make it to the 1.272.
An Alternate Bat ends at the 1.113, but it's rules do not allow leg 2 to reach the .786.
So choose (:
Overbought with RSI on 70. Not overbought with RSI on 80.