JNUG LONG
Updated
Working with a Bearish Alternative Bat Harmonic Pattern:
The key area to hold here is $3.77 and above although it can close with a wick below there as long as the candlebody doesn't close below the 88.6% retracement of AB.
Huge R:R, targets aren't listed on the chart, but ideally I'd buy anything under $4 and set a stop loss at $3.50 or so, if this area holds my first target will be around $7 and from there they will be above $10.
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Thanks,
The key area to hold here is $3.77 and above although it can close with a wick below there as long as the candlebody doesn't close below the 88.6% retracement of AB.
Huge R:R, targets aren't listed on the chart, but ideally I'd buy anything under $4 and set a stop loss at $3.50 or so, if this area holds my first target will be around $7 and from there they will be above $10.
If you want any further explanations or have any questions, feel free to drop a comment!
If you like my content, make sure to 'subscribe'!
Thanks,
Trade active
My exact targets (listed on chart) now that is playing out, are going to be the .886 of XA = $12.47and the 1.13 of XA = $14.99
Note
now that it's playing out* ^
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