Straight to the point, a is about to complete its point D near the bottom of the sideways market.
And coincidently just before this current is forming, another has completed.
Well, I don't really know what that means, but seems like overlapping patterns does boost confidence for a trade I guess.
There are 2 possible levels to go long which also means point D is most likely to be completed.
The first Buy Zone is at 127.2% of BC , a perfect formation.
But on a closer look, there were 2 wide range bars right after BC leg was completed,
which could cause CD leg to extend further, and thus the consideration to long at 161.8% of BC .
Very good trading!