Within the consolidation zone, a bearish shark pattern has emerged, and with the presence of a magic candle, it presents an opportunity for an aggressive trade entry.
The consolidation phase offers a prime opportunity to identify harmonic patterns.
A bullish Gartley is waiting for a complete setup. The aggressive trader can wait for a double bottom on the 1-hourly chart for a buying opportunity, the conservative trader could wait for the confirmation of the Potential Reversal Zone(PRZ) for a buying opportunity.
The overall trend is moving towards a sideway market.
