I am not too hang up on quoting fancy names of . I simply look for confluences of some key Fib numbers.
It appears that there are a couple of "mutant" patterns developing on 1H timeframe.
I would look to the larger one as the key. Within the BCD swings of larger pattern there is a minor pattern that could be considered as "failed" as price has really travelled quite a distance above its PRZ, hence I am not posting specific numbers of PRZ for this minor pattern.
Major pattern however has the following relationships evident. X to D is 1.272. And ABC to D has 0.786 extension.
This is not a perfect pattern. And I certainly would not trade simply on basis of this pattern. But this could be a basis to look out for any developments in short to mid term.
Some additional supportive evidence is a decending triangle just around PRZ (marked with blue lines) and a divergence between price action and .
So hope this will help some one. Happy trading
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