The 3 point fibonacci set-up failed and happened to find support at 88.6% AB which is the completion of a harmonic bat pattern.
Here is the 3 point extension set-up:
Potential profit targets for harmonic bat patterns:
38%
62%
100%
127-162%
Thank you for reading the analysis and dont forget to like the chart.
God bless
Here is the 3 point extension set-up:
Potential profit targets for harmonic bat patterns:
38%
62%
100%
127-162%
Thank you for reading the analysis and dont forget to like the chart.
God bless
Note
The bat pattern has been met with extreme resistance.This chart suggests that the previous resistance now support should kick in get buyers to step in
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Related publications
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.