Price in direction to the downtrend top channel, a bearish bat projection emerge but has still room to go higher. Invalidation of this pattern will give place for a Bearish B-Fly pattern projection.
Meanwhile, looks good for long trades in lower TF’s. Keep an eye on the bearish divergence.
Note: Red lines correspond to a Bearish ABCD pattern on M1 chart.
Meanwhile, looks good for long trades in lower TF’s. Keep an eye on the bearish divergence.
Note: Red lines correspond to a Bearish ABCD pattern on M1 chart.
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Related publications
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.