1). Bearish BAT Pattern identification signals a potential drop in process. Target 1 has been identified at the 0.382 Fibonacci Retracement from A to D (2.5 to 1 Risk Ratio) if Target 1 is met, drop your risk back down into your entry point in order to secure a risk-free position.
2). IF the market moves down into our potential Bullish CYPHER setup later during the day then we might be looking at another reversal once again at the 0.786 retracement point. Go LONG.
(Feel free to comment and Feedback. Use this analysis only as a guide and Trade Classy. Good Luck!)
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