good day traders
on the daily chart we found a bat pattern formation for a great opportunity to buy to gain around 400 pips
waiting now for a pull back on the 1 hr chart and then going for a buy for a new Higher high .
3-Drive pattern completed. A Wolfe wave pattern is at sight. I’ll try to go short for the 61.8 – 78.6 Fibo retracements as a first target, keeping an eye on the ABCD pattern projection on D1 chart (green).
View on H1 chart:
We have an AB=CD pattern. there is also a confluence of a resistance, divergence on CCI.
D point falls between 1,27 and 1,41 BA and 1,41 and 1,61 BC
stop loss 20 pips above resistance. TP1 and TP2 38% and 61% AD movement