Bat pattern completion, 1 to 1 harmonic move, double top, RSI divergance, RSI oversold, extravagant structure. Adding on to my positions on this guys.
Risk to reward is more than 2 to 1.
PA made a higher high putting in an inversion of 1.618%, there is a Fib confluence of 3 major ratios. The 1.618%, 6.18% and the 127.8% projection and of course look left theres structure. RSI is over bought as well. Good trade I would say
You can see folks that the market has been making lower lows and lower highs and then now, all of a sudden ....... WOW !!! A new structure high forms, the market is giving me an indication that it intends to shift its direction. So as price action make a higher high higher close and comes back down back to structure I will be buying, and look left structure leaves...
