Looking at the 4h Chart we can see an ABCD Pattern whose Pattern Point D represents a Liquidity run. You'll also notice a RSI Divergence highlighted on the chart. We're almost at Target 2 but there's more downside potential.
There's also a subordinate Black Swan Pattern on the CD axis of the ABCD pattern. If you look to the left of the pattern point A of he Black Swan, you'll notice pattern point A at the left low could become a nice Liquidity run.
Nonetheless there's a good chance of price going higher in the short term because of that big Gap created 3 weeks ago.
And lastly there's that SSL at the 1.27 Rebound of the ABCD which could be a nice draw on liquidity. Be aware of presidential election politics though which could have an effect on the whole market.
Thanks for reading :)
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