XYO Bullish Bat XYO has had me howling for the moon! I've sold my bag and am looking for reentry.
For now, I'll be waiting in the bushes and watching XYO to see if this bullish bat harmonic completes.
For me the PRZ is pretty narrowly defined by three numbers....the 1.618 of the alternate AB=CD, the .886 retracement of the XA leg and the 1.618 AB leg projection. I also see a break down out of a symmetrical triangle. The measured move of this break out compliments the PRZ as well.
I do see some potential short term hidden bullish divergence. My whiskers are telling me that this will push the price up in the short term to test the local resistance before we continue downwards.
For these reasons I will be looking to get long if the pattern completes and I also see a sharp reversal in the PRZ. I will be looking to see if all the numbers are tested as this pattern plays out.
What do you think about XYO?
Owhooooo!
