Potentially looking at a bat pattern forming on a large timeframe.
The measurements shown are ;
88.6 % XA entry point with a 100 % XA for the stop.
Also is a 261.8 % BC projection and 127% AB=CD Measurement.
Due to the size of this pattern it would be used to provide a market narrative finding entries on a lower timeframe.
The measurements shown are ;
88.6 % XA entry point with a 100 % XA for the stop.
Also is a 261.8 % BC projection and 127% AB=CD Measurement.
Due to the size of this pattern it would be used to provide a market narrative finding entries on a lower timeframe.
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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.