Bearish Bat has been just completed. PRZ was tested and oscillator reads is negatively diverged towards price action.
If the pattern holds true then first profit target is at 1303.23 (38.2% retracement of recent bullish move) and 2nd target is B point at 1269,72 ideally.
However recent bullish momentum was very strong so keeping my stop loss as tight as possible. and keep in mind that possible reversal can take couple of days (if it occurs at all).
If the pattern holds true then first profit target is at 1303.23 (38.2% retracement of recent bullish move) and 2nd target is B point at 1269,72 ideally.
However recent bullish momentum was very strong so keeping my stop loss as tight as possible. and keep in mind that possible reversal can take couple of days (if it occurs at all).
Chase value, not price