Hello traders! So we are at the D point at a resistance zone and we see a wedge developing as the market consolidates in the zone. We need to see a break preferably to the downside. The butterfly is complete and wedges typically forms in the reversal zones when an immediate reaction doesn't occur at the D point. This is why monitoring price action in reversal zones is key for trade execution. If the market pushes down, we could see a right inverted shoulder for a small correction or reversal, who knows. Lets see where we will break from this wedge. Trade smart don't gamble!
