The Bearish Butterfly Pattern is already completed, but the price seems to hold an uptrend (take a look at the MACD Indicator!) In case when the Butterfly does not create any effect, we can wait for the completion of the Bearish Bat Pattern. In this case, I'm inclined to do the second thing because my Strategy does not let me trade any Butterfly Pattern. By the...
In the last hours I found this interesting Wedge Pattern, that ended with a shy bearish explosion by the Price Action. Generally, there's only one target price for Wedge Patterns: it coincides with the amplitude of the pattern in the starting part (the largest part = Purple Line) (Target 2). My Strategy consist in searching Support & Resistance Areas, so I found...