This bat pattern is getting very close to completion for a midterm bearish trade from a symmetrical triangle that I successfully traded as well.
The RSI is approaching an overbought condition, which will hopefully be reached in the next few days, supporting the case for this bearish pattern.
I have placed a stop loss based on previous structure (I am exploring stop losses based on previous structure).
The RSI is approaching an overbought condition, which will hopefully be reached in the next few days, supporting the case for this bearish pattern.
I have placed a stop loss based on previous structure (I am exploring stop losses based on previous structure).
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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.