A potential buy/long trade opportunity here as I can expect for a retest on a support/demand area where market gave me a pullback right after a potential bullish AB=CD
pattern completion hence a re-entry for a buy trade, depending on future market/price action or right after a certain top-down analysis and confirmation. With it I have a bias of a potential bearish bat
pattern as well as I could manage my trade (buy/long) up to that bat completion. And in the future for another short/sell trade opportunity depending on future price/market action. On the other hand, if price breaks and close beyond the bear bat
point of ruin ( POR
) i could expect price to complete my bullish butterfly
hence giving me a short/sell opportunity down to it ( butterfly
completion) and another buy/long trade opportunity depending on future price/market action. We will see from there. Good luck.
Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.