Currently we seems to be F leg of bow tie Diamatric pattern, Post the F leg there will be an upward directional G leg.

G leg tend to be equal to A leg which marked as red box, they tend but not required.

Risk: If the G fails ie it does not complete it full course, that leads to sharp reversals.

My View on this.

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.