.ABCD bearish patter is completed if we imagine point D(2) at 1.2 extension of wave BC.
I suggest to open now a position short with:
Target 1: 0.608 fib retracement of CD
Target 2: When price cross under price of point C
Target 3: 1.272 fib retracement of CD
Place Stop loss just over point D (the one shown on the graph) that is the end of a BAT (XABCD) bearish pattern.
The XABCD is not perfect, but i believe it is to consider.
I suggest to open now a position short with:
Target 1: 0.608 fib retracement of CD
Target 2: When price cross under price of point C
Target 3: 1.272 fib retracement of CD
Place Stop loss just over point D (the one shown on the graph) that is the end of a BAT (XABCD) bearish pattern.
The XABCD is not perfect, but i believe it is to consider.
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