Potential Bullish Bat structure is forming. Rsi structure is forming a divergence against price structure informing potential reversal at the coming Low.
Waiting for more comfirmation. Reminder: the pattern is not yet completed. Close inspectation of price action at the 1.618XA is needed.
Entry @ 1.0696
Stop Loss@1.0534
Exit/Limit @1.0944 (Target 1) and @1.1118 (Target 2)
Waiting for more comfirmation. Reminder: the pattern is not yet completed. Close inspectation of price action at the 1.618XA is needed.
Entry @ 1.0696
Stop Loss@1.0534
Exit/Limit @1.0944 (Target 1) and @1.1118 (Target 2)
Note
Note that Bullish Gartley is also forming with a similar completion price point XAD@1.06421. (Weekly timeframe). Since two patterns are developing at the similar price point, the chance of the price will reverse is high.
Note
Short term Bullish Crab :))
Worth looking
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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.