A pin bar is seen so it can be treated as point C and a dump after it can be seen for a sign of reversal.
As the retracement is actually smaller than 0.618, it can be treated as a potential bat pattern hence it could be a good idea to first short, then long it according to the pattern.
As the retracement is actually smaller than 0.618, it can be treated as a potential bat pattern hence it could be a good idea to first short, then long it according to the pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.