this is a formation that's already completed on the hourly chart. It's in accordance with the higher timeframe trend and so i'm going to use it as an entry reason for a trend continuation trade. The black line represents the previous support that's recently been broken and that could become resistance now.
Also, its completion lies right near the of the bigger impulse leg and the has already gone in overbought terriotory.
First target at the of AD, and second target as an extension.
Stops above X.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart.