2 POTENTIAL PATTERNS, HOWEVER MULTIPLE PRICE TARGETS.
SHORT TERM/MEDIUM TERM:
BAT PATTERN IN FORMATION D LEG TARGETS:
40.52(886), IF 40.52 IS EXCEEDED THEN 37.16(113).
BREAK BELOW 37.16 THEN:
32.38 (786) CYPHER OR
29.36(886) SHARK
SHORT TERM/MEDIUM TERM:
BAT PATTERN IN FORMATION D LEG TARGETS:
40.52(886), IF 40.52 IS EXCEEDED THEN 37.16(113).
BREAK BELOW 37.16 THEN:
32.38 (786) CYPHER OR
29.36(886) SHARK
Note
Previous post targets still valid, However current support at 618= 45.00 break below 43.79 required to trigger 40.58 or 37.16, however break below 43.79 could activate support @ 42.60.Potential BAT(ALTBAT) pattern probable:
BAT=44.64(886), ALT BAT= 42.59(113). Failure at 42.59(113) then 40.52 or 37.16.
Note
Oil has tagged the 886 zone 44.00 and there is the potential for the alt bat @42.61(113) to be tagged before reversing to the upside. Caution warranted at this zone of 44.00-45.00 for a breakout on either side.
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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.