We are currently right at the peak of the Batman formation. There is a continued decline on the 15-minute chart, but on the hourly basis, it needs to return to the point where the formation started. Tracking this is a bit difficult because psychological levels can persist on a daily basis or they might not.

I ask myself, what will happen if the Batman formation completes? The end point and the starting point of the three formations are the same. So, will this Batman formation take off or continue to decline? When I examine the charts, the answer to this question is not very clear. It’s a bit uncertain, to be honest.