Price is rallying and the first port of call is possible Bat Pattern
Price has also formed a classical ascending triangle that could imply that market is bullish, but could proof to be a false break out and reversal back to down. Time will show.
Pattern: BAT
PRZ: 13142.8 - 13113.1
1.618BC = 3113.1
0.886XA = 13126.8
1.618ABC = 13142.8
Price has also formed a classical ascending triangle that could imply that market is bullish, but could proof to be a false break out and reversal back to down. Time will show.
Pattern: BAT
PRZ: 13142.8 - 13113.1
1.618BC = 3113.1
0.886XA = 13126.8
1.618ABC = 13142.8
Note
Entered trade short at 13130.4 SL@13172On a second pass at this idea, noticed that there is also a Bearish Deep Crab pattern, what a nice bonus :D
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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.