AB=CD completion move around 52.40 wich matches with
a significant level of importance. D point of a bearish butterfly completion matches this level so i will expect a sharp drop at this level.
At the moment price is consolidating in a pendant so a breakout to the upside will match our PRZ if we measure the lenght of the bottom/top of the pendant.
So for the moment we will wait for price to reach our PRZ and then will take a close look at price action and find if there is a setup that can give us a good risk reward ratio to open a short position
a significant level of importance. D point of a bearish butterfly completion matches this level so i will expect a sharp drop at this level.
At the moment price is consolidating in a pendant so a breakout to the upside will match our PRZ if we measure the lenght of the bottom/top of the pendant.
So for the moment we will wait for price to reach our PRZ and then will take a close look at price action and find if there is a setup that can give us a good risk reward ratio to open a short position
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