BEARISH BAT..Earlier this same Pattern given good reaction on Type1 entry & Hit TARGETS .now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL..
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
when Price broke 1st ULTRA HIGH VOLUME Candle LOW with LOW VOLUME Target 1 hit .
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR...Low volume shows no interest to the Upside from “Smart Money” so Expecting prices will not go High
Price need to follow Green Trend line & hit target.If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
when Price broke 1st ULTRA HIGH VOLUME Candle LOW with LOW VOLUME Target 1 hit .
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR...Low volume shows no interest to the Upside from “Smart Money” so Expecting prices will not go High
Price need to follow Green Trend line & hit target.If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
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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.