details given in chart
1. major structure broken
2. Down trend
3. Bat pattern completion at major resistance
4. short for trend continuation to down side
Bearish bat pattern. X to A leg is an impulse leg followed by a 50 % Fib retracement at B leg. B to C a minimum of 0.382 fib retracement and a 0.886 retracement from X to A gives a valid Bat pattern
1.Broke the Resistance which now may act as support
2. ABCD equal measure move towards the retracement
3.Bullish Higher high entry candle
4.Target at 0.618 fib retracement from A to D
2618 trade_ double top and a fib retracement p 0.618 near the trend line and a major resistance linining uo. It gives a decent 1:2 risk reward possibly retest of its low. High probobility setup you should look at.
