Bullish Alternate Bat Pattern and WXYWalgreens is on its way to completing the correction in the form of an alternate bat pattern and a WXY pattern. I've outlined entry, profit, and stop-loss levels. Keep in mind, that this is going to take some time to play out. I wouldn't buy option unless you know what you're doing. This is probably better for people who want to park their money somewhere long term and collect a healthy dividend. Good luck!
Bullish Alternate Bat
CHF/JPY - Bullish Alt BatToday we are looking at a bullish alternate bat on the 1D chart with CHF/JPY.
With price creating a lower low, we can expect price to makes it's way down to D point an reverse.
Alternate bats are a powerful pattern, and indicate huge trend reversals.
Risk Ratio - 1:6
The measurements for a valid alternate bat pattern are detailed below.
B: 0.382
C: 0.382 - 0.886
D: 2.0 - 3.618
Final X to D: 1.13