Although the RSI is indicating a bullish divergence, market is showing many higher lows, which is suggesting that market is losing buying pressure and is going down. If it does, there will be 2 trading opportunities : a bull Gartley (blue) and a bull Bat pattern (purple). For those who are a bit more conservative, the Bat pattern will be ideal since the risk for that buy is a bit lower.
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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.