The Case of the Bearish Bat (or is it)
Possible BTC and EUR/USD bull pop on or before 7:30 AM Central Time.
In this chart I am experimenting with this potential scalp idea, waiting to see if DXY holds this pattern and breaks out. However, with bearish bats I see A to C should be between 0.382 to .886.
For educational purposes, I was wondering if this pattern now invalidated since the A and C value is above .886. Is it actually a double bottom and DXY will continue higher? Time will tell. For me at least, I'm waiting till 7:30 AM Central Time to see.
If we break this pattern lower, BTC and EURUSD may have a nice bull pop / scalp opportunity to the upside.
If we break this pattern higher, EURUSD and BTC will drop respectively as it will be looking more like a double bottom for DXY and it will continue its climb upwards.
Feedback welcomed!
In this chart I am experimenting with this potential scalp idea, waiting to see if DXY holds this pattern and breaks out. However, with bearish bats I see A to C should be between 0.382 to .886.
For educational purposes, I was wondering if this pattern now invalidated since the A and C value is above .886. Is it actually a double bottom and DXY will continue higher? Time will tell. For me at least, I'm waiting till 7:30 AM Central Time to see.
If we break this pattern lower, BTC and EURUSD may have a nice bull pop / scalp opportunity to the upside.
If we break this pattern higher, EURUSD and BTC will drop respectively as it will be looking more like a double bottom for DXY and it will continue its climb upwards.
Feedback welcomed!
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