Observation:
> BAT Formation
> Within a restrained downward bear-flag channel
> 3 Possible Targets, with 1, to 1.618 retracement as targets
> Using top of ribbon as a guide (in red) and top of channel as maximum, past this, reassess the formation and pattern.
Big Picture,
Ignore ABCDE pattern. Its a reminder to complete this as more information comes up.
> BAT Formation
> Within a restrained downward bear-flag channel
> 3 Possible Targets, with 1, to 1.618 retracement as targets
> Using top of ribbon as a guide (in red) and top of channel as maximum, past this, reassess the formation and pattern.
Big Picture,
Comment:
The BAT formation has XB=.382 or 0.5 and BD=1.618 or 2.618. We have the 2.618 in play. There is no definites but when these numbers come up, the harmonics suggest its more likely to be in play.
Comment:
The theory
Comment:
0.786 is the first likely target. 1 (8007) is the main target. Anything above this, will indicate some bullishness in this micro level.
Comment:
Comment:
Comment:
Lets see if it can rally to a new high as its attempting to bounce here off the channel's prevous resistance, now support
Comment:
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
