Price is currently stuck at the 50% point in the BAT pattern. If price can break this level there is a high probability of price breaking then retesting and after, make its way to the top of the channel.
If price does not break, we can expect a drop off and another retest, or price will drop to the bottom of the channel.
Will only take a trade if price breaks the level.
If price does not break, we can expect a drop off and another retest, or price will drop to the bottom of the channel.
Will only take a trade if price breaks the level.
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.
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.