The pair suggests a completed flat correction on the Weekly. This could be a start of the C leg on the weekly. On the 4 hour chart, there's a bullish divergence and a possible uptrend to test the highs at B, or it could form a smaller Running or Expanding Flat with the impulse bearish leg from B. I'll update the chart as more data emerges. Short-term, a possible uptrend which can yield at least 150 pips.
Kommentera:
Initially, I saw a possible development of a running or expanding flat. Target reached, and exactly on equal legs it made a push to the downside. This could be a start of the 3rd wave to the downside. I'll wait for a flag on the developing leg before entering.