Short
BAT on BAT: what the hell is going on??
Updated
As the proud user of the Brave browser I was looking for a place where it made sense to get some BAT. Then I saw a virtually perfect bearish BAT pattern... holeee shit :D
In the video i plot the pattern, discuss the pattern and then move on to what seems to be the beginnings of a Butterfly pattern.... what that essentially means is should this pattern work, price could make a C in the Butterfly which will allow me to get some BAT and trade it up to the 1.272 or 1.681 extension.
I will likely make a separate video on this should price head to where I think it might.
Have a good one!
In the video i plot the pattern, discuss the pattern and then move on to what seems to be the beginnings of a Butterfly pattern.... what that essentially means is should this pattern work, price could make a C in the Butterfly which will allow me to get some BAT and trade it up to the 1.272 or 1.681 extension.
I will likely make a separate video on this should price head to where I think it might.
Have a good one!
Note
moved the Fib to previous high... that being the case B is a little under 38.2% but price is right at D 88.6% level now.With this weeks R3 being exceeded and missed central pivot and the fact that next weeks weekly central pivot will be below current price I think this week will see a retracement.
Note
sorry wrong chart
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