Short

2618 // AB=CD // target? 130$ // IF=THEN ®

With a false double top, the retest candle (2nd top) close price was above the close price of the first one, but the behaviour is really similar, after the "retest" the price breaks structure, found support but didn't rally up, consolidation period, then keep falling, and finally found Daily support and rally to a 61,8% fib.

Now expectations of a downward movement on the table, and historically, there are situations where we see the price breaking the previous supports, and hit the 141.4%161.8% ext from AB.

Between CD leg there's a zone for eventual point B for a couple of advanced bullish patterns.

Safe trades;
open.spotify.com/track/16jbjK5jP3DpGJqbbtdwrJ

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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Bullish Bat // AB=CD synced with Bearish Shark // IF=THEN ®

by Andre_Cardoso

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