H1 - watching closely to buy/long (reversal setup)

A potential bullish AB=CD pattern/setup could be in play here with an opportunity to buy/long. Current price hitting the C point requirements (hence a reaction on the 127.2% ext of XA leg of a potential bear setup in the future - green arrow line.) We got the black lines for the future patterns/setups validity. We could expect and spot for a possible reversal trade setup on the PRZ (green zone) such as 2618, divergence, double bottom, 2618 and candles Higher high, higher close. Conservative targets would be on the 38.2 of the CD leg or inside market structure from a previous support/resistance which is visible in the chart. But we got a fixed target on a standard ab=cd setup as well. together we could extend our targets (to maximize our rewards) based on whatever market will give us confluence to a future pattern/setup formation. Trade with care and good luck!

Ordem cancelada:

Invalid setup + no confirmation