AB=CD and Bat pattern completed on suppor line. But down trend is strong. So I dont think to enter buy position with this pattern. There are two ways be followed.
1-) If price closes under red area, we can enter sell position.
2-) If price closes above blue area, we can enter buy position.
1-) If price closes under red area, we can enter sell position.
2-) If price closes above blue area, we can enter buy position.
Trade active
Price closed above red area.Trade closed: target reached
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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.