Bullish Bat as most M patterns are bullish meaning they reverse on the 4th leg which is down.
The first leg is Up. Peak 2 s lower than peak 1.
This did not quite hit the .886 but still very close. News popped this early and there was also a very small gap that acted as support.
Price is at a horizontal resistance level and 2 spinning tops are struggling at this level. Spinning top candles represent indecsion. Price must surpass this level to hit above targets.
No recommendaton
The first leg is Up. Peak 2 s lower than peak 1.
This did not quite hit the .886 but still very close. News popped this early and there was also a very small gap that acted as support.
Price is at a horizontal resistance level and 2 spinning tops are struggling at this level. Spinning top candles represent indecsion. Price must surpass this level to hit above targets.
No recommendaton
Note
This could also be a HEAD AND SHOULDERS pattern and price fell below the neckline but is now struggling to get back above the neckline.I guess everything is not cut and dry and time will tell.
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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.