Price rejected at long-term trendline (solid purple)/short-term EMAs which sent us down to long-term low (solid red) and prevented bottom-pattern correction.
Current consolidation can be seen between pattern neckline (solid blue) and long-term low, where H4 200EMA crossover may determine if we actually make another push.
Generated bat pattern has been re-added if we continue to dip although it may not be relevant based on recent price action. imo use long-term trendline as a critical support marker and pattern neckline as critical resistance. See yesterday's post for additional info.
Current consolidation can be seen between pattern neckline (solid blue) and long-term low, where H4 200EMA crossover may determine if we actually make another push.
Generated bat pattern has been re-added if we continue to dip although it may not be relevant based on recent price action. imo use long-term trendline as a critical support marker and pattern neckline as critical resistance. See yesterday's post for additional info.
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Related publications
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.