DIVI S LABORATORIES LTDUpdated District Bullish Bat pattern is going formed on the DIVISLAB.
(i) A Bullish Bat pattern is defined when the B point is less than a 0.618% retracement and In the above chart there is 50% B point of XA leg retraced.
(ii) A Bearish Bat Pattern occasionally forms after retracing from a critical high point. ie, 3388.70
the retracement 0.886 will occur close to the prior high when completed, which is X.
Terminal Bar means reversal bar is important to excuse our trade setup.
For target, You can use Fib Ratio 62.8% and 38.2% as targets.
(ii) A Bearish Bat Pattern occasionally forms after retracing from a critical high point. ie, 3388.70
the retracement 0.886 will occur close to the prior high when completed, which is X.
- Wait for the entire Potential Reversal Zone to be tested before executing, to validate.
Terminal Bar means reversal bar is important to excuse our trade setup.
For target, You can use Fib Ratio 62.8% and 38.2% as targets.
Note
Trade was executed : Trade closed: target reached
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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.
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.