We had a nice harmonic
rally to the 1300's now we are standing on a . 618 retracement
of the same exact AB=CD
(XA of the pattern) its also aligning with the . 786 retracement
of the CD leg. And another 2 reasons to think of a retracement is that in 1H charts we have a double bottom
formed right on a structure level. All of these factors suggest a rally but we can only hope for it to complete a harmonic pattern
. Looking back in time we can see that there is another advanced pattern
structure which completed and then had a reversal right after. The bat reached TP2 and with the recent months' accuracy we should look for another harmonic
moves and structures.
Update 1: The price reversed as expected now we hope for a future retracement.