Bearish bat projected completion point between .88750-.88950 (Alternate bat completion point .89850)
RSI complex structure completed at .88100 anticipating RSI confirmation point at 89.650
Pushed through MA 8 MA 20 MA 25 & MA 200 with little resistance
Now MA 8 acting as a good support level
Update with TP & SL upon completion of pattern
RSI complex structure completed at .88100 anticipating RSI confirmation point at 89.650
Pushed through MA 8 MA 20 MA 25 & MA 200 with little resistance
Now MA 8 acting as a good support level
Update with TP & SL upon completion of pattern
Note
Price reaches 1.618 extension completion pointwait for definitive turnaround for trade execution
From this point TP target #1 87.500 target #2 86.700
Update if price continues to extended completion point
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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.