Chart break down..
WE are at..
1.Fibonacci S2 support
3.Entered the PRZ(potential reversal zone) of the BAT
4.Constantly being rejected by the kumo and the resistance doowntrendline
5.Touch n bounce from the median like of the
Indications for a likely uptrend uptrend
1. formation with price in the PRZ
2. in the
3.Price magnet theory of the , where the touch to reflect the price to the outer of the
Points of confirmation of reversal up..
1. divergence? 2.PRZ breakout? 3. breakout? 4.Any other breakout patterns which may form? 5.Breakout to be confirmed by High volumes and persistent Change in Momentum Direction of 6.Breakout of the Kumo from the prz
Points for failure of structure..
1.BAT PRZ limit broken with confirmed break pattern with volumes
2. continues beyond the of the
3.Price magnet/Price failure theory of
5.The weekly S2 support broken
6. Persistent resistance from the Red Kumo even in the PRZ and beyond
Disclaimer...Not an investing/trading advice....