Finally we came out on top of the box!! Let's see if it isn't a false breakout...
My expectations: - Complete the Blue Bearish Bat Pattern at D, this price zone is the limit to the Point C for the Pink Bullish Bat Pattern, the 88.6% AB retracement; - IF the price continue an upward movement, it can meet the Crab around the 1.63 providing us with new Short opportunity. (THEN)
Bat Pattern Objective: Enter Long or Short at D
Point B: 38.2% to 50% XA (or close below/above point A)
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.