GBPUSD-4H-Bearish max bat pattern
In 4h timeframe in GBPUSD chart, a bearish max bat was made and it is a sign of falling down to prz1.
- confliction between internal trendline and prz1 ( getting by retracement of CD wave in harmonic pattern) is increasing the power of prz1
-in other side the chart is in a upward channel which pull it up and the correction is not very strong ( verify prz1)
although there is a swing resistance but according to last few month movement, it is possible to observe a sharp rise even with easily breaking the swing resistance.
at last, there is a double top in D point and the candles sow a downfall in not far future.
- confliction between internal trendline and prz1 ( getting by retracement of CD wave in harmonic pattern) is increasing the power of prz1
-in other side the chart is in a upward channel which pull it up and the correction is not very strong ( verify prz1)
although there is a swing resistance but according to last few month movement, it is possible to observe a sharp rise even with easily breaking the swing resistance.
at last, there is a double top in D point and the candles sow a downfall in not far future.
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