This is a longer term trade!
Bat pattern will complete at 1.1367 (88.60% XA retracement, near AB 161.80% extension), but it can can't exceed past X point (1.1423). If we see comfirmation for sell (rsi divergence/overbought), then it might be a good selling place. I didn't draw support/resistance in this picture, but there are also major resistance.
Gartley pattern's C point could be located near Bat completion point, around 61.80% retracement (1.1343). Gartley pattern will still be valid even if it extends past 1.1343, but it can't exceed past A point(1.1618).
Bat pattern will complete at 1.1367 (88.60% XA retracement, near AB 161.80% extension), but it can can't exceed past X point (1.1423). If we see comfirmation for sell (rsi divergence/overbought), then it might be a good selling place. I didn't draw support/resistance in this picture, but there are also major resistance.
Gartley pattern's C point could be located near Bat completion point, around 61.80% retracement (1.1343). Gartley pattern will still be valid even if it extends past 1.1343, but it can't exceed past A point(1.1618).
Note
Soon we will see.
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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.