Cosmos / TetherUSUpdated #ATOMUSDT Bearish Bat - Hamornics
Green box represents target, 88.6% fib a more exact target (but anywhere on green box could be done)!
There's a good confluence with harmonics and classic TA here...
- First of all ATOMUSDT broke up trend line and flipped S/R 23.6%
- Bearish OB on top is a perfect match with 88.6% fib - potential reversal point
If price crosses the current high (X) then this pattern should be invalid as that's where your stop-loss will be (above X) for a short setup once D is achieved.
Looks pretty solid and ATOM has history with Harmonics!
There's a good confluence with harmonics and classic TA here...
- First of all ATOMUSDT broke up trend line and flipped S/R 23.6%
- Bearish OB on top is a perfect match with 88.6% fib - potential reversal point
If price crosses the current high (X) then this pattern should be invalid as that's where your stop-loss will be (above X) for a short setup once D is achieved.
Looks pretty solid and ATOM has history with Harmonics!
Note
done
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.