Panjang

Bearish pattern ignored, Bulls in action // IF=THEN ®

Pink Bat pattern "ignored", we have a new Higher High and now we are on a retracement to test the previous structure.

Two other patterns appeared, an eventual bullish Cypher and another bullish Bat pattern, let's see wich one of those the price will respect, IF=THEN.

BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB (close below point A)
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD

CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD

Safe Trades,

Andre_Cardoso

I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.

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