This is an interesting setup with H4 Bat Pattern Potential Reversal Zone overlapping at the Daily Resistant Zone.
With these 2 factors comes together, it should increase the probability of a shorting opportunity trade.
Alert has been set for price action observation around the PRZ to engage the trade.
With these 2 factors comes together, it should increase the probability of a shorting opportunity trade.
Alert has been set for price action observation around the PRZ to engage the trade.
Note
unfortunately, a supercharged bullish candle just bashed through the PRZ. This is one of the warning signs that the pattern has turned invalid.
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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.