Looking at the short-term, and purely from a Harmonic Pattern perspective. Price has printed a few M & W patterns continuously within this 50-44k range and is currently at a key infliction point for the completion of a W reversal pattern. Check comments for a visual.
Note
Previous M-PatternW-Pattern
M-Pattern
And currently forming W-Pattern....M,W,M,W..as the sequence goes.
Trade closed: target reached
Quick Leveraged Scalp. Result.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.