This morning we have three potential patterns forming in tandem with one another. The first pattern to complete would be the bearish cypher pattern. The second would be a bearish bat, which completes beyond the D point of the cypher. My personal preference is to trade the bat pattern as it offers a better R/R than the cypher, however, both are equally valid. Lastly, the higher time frame has a wedge forming. This tends to be a bullish biased pattern as it is being printed after a long run up in the market. Although this may be bullish we can still use the trend line as resistance in our short trade as we are not looking for a drastic reversal, but just enough to hit our initial and hopefully secondary target projections.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.