Repost of TBT Long Bat Pattern
This is a repost of my initial chart due to price having taken a few weeks to get down to the 'D' point area. I would definitely leave some room for any stop losses under that 'XA' leg in case price tries to retest the shelf its been bouncing off.
Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will usually just stick with a 1:2 R/R and move on.
Volume saw increase during ascent of the 'XA' leg and fell off during the decline and maturity of the pattern.
Also there is some noticeable momentum divergences found on both the stochastic oscillator and mac-d histogram for both the daily and weekly charts.
Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will usually just stick with a 1:2 R/R and move on.
Volume saw increase during ascent of the 'XA' leg and fell off during the decline and maturity of the pattern.
Also there is some noticeable momentum divergences found on both the stochastic oscillator and mac-d histogram for both the daily and weekly charts.
