Possible M pattern forming

2. Apr. 2020

I noticed this M pattern coming into formation on a bearish move I anticipated at the end of the first leg from a different analysis I had. This possible M serves as another confirmation for me. Looking to drop down to the uptrend line that forms the bottom of the flag overall formation the market is currently inside of. Will continue watching and will take profits as close to trend line as possible.

3. Apr. 2020

Anmerkung

Take Profit hit.