Potential 3 Drive Pattern Within Bat Formation (500+ Pips)
Two plays here depending on how the next few days go:
Breaks through the important resistance level:
Will continue a very bullish run that may complete a Bat formation.
Rejects the important resistance level:
Will fall back down and adhere to a 3 drives pattern.
Breaks through the important resistance level:
Will continue a very bullish run that may complete a Bat formation.
Rejects the important resistance level:
Will fall back down and adhere to a 3 drives pattern.
Note
Target 1 of the upper play reachedNote
Target 2 of the upper play reached
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.