Potential Bullish Bat structure @ 1.0696
Updated
Potential Bullish Bat structure is forming. Rsi structure is forming a divergence against price structure informing potential reversal at the coming Low.
Waiting for more comfirmation. Reminder: the pattern is not yet completed. Close inspectation of price action at the 1.618XA is needed.
Entry @ 1.0696
Stop Loss@1.0534
Exit/Limit @1.0944 (Target 1) and @1.1118 (Target 2)
Waiting for more comfirmation. Reminder: the pattern is not yet completed. Close inspectation of price action at the 1.618XA is needed.
Entry @ 1.0696
Stop Loss@1.0534
Exit/Limit @1.0944 (Target 1) and @1.1118 (Target 2)
Note
Note that Bullish Gartley is also forming with a similar completion price point XAD@1.06421. (Weekly timeframe). Since two patterns are developing at the similar price point, the chance of the price will reverse is high.
Note
Short term Bullish Crab :))
Worth looking
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