Hi guys we have possible two bearish pattern formation right here for a short/sell opportunity:
1. Bat Pattern XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - 38.20% < A point AB leg Dpt completion - 88.60% XA leg
2. Shark Pattern 88.6% XApt - First market swing/leg ABpt - 38.20% < 61.80% XA leg BCpt - closes beyond 141.40% extension of AB leg < 161.80% AB leg Dpt completion - 88.60% XC leg
Same completion on the 88.6% Price, either go aggressively short/sell on the completion or wait for further confirmation to short (conservative). Targets as seen on the chart and stops just above the pattern's X point.
Take note Price breaking the bottom horizontal red line will invalidate this setup.