This is a longer term trade!
Bat pattern will complete at 1.1367 (88.60% XA retracement, near AB 161.80% extension), but it can can't exceed past X point (1.1423). If we see comfirmation for sell (rsi divergence/overbought), then it might be a good selling place. I didn't draw support/resistance in this picture, but there are also major resistance.
Gartley pattern's C point could be located near Bat completion point, around 61.80% retracement (1.1343). Gartley pattern will still be valid even if it extends past 1.1343, but it can't exceed past A point(1.1618).
Bat pattern will complete at 1.1367 (88.60% XA retracement, near AB 161.80% extension), but it can can't exceed past X point (1.1423). If we see comfirmation for sell (rsi divergence/overbought), then it might be a good selling place. I didn't draw support/resistance in this picture, but there are also major resistance.
Gartley pattern's C point could be located near Bat completion point, around 61.80% retracement (1.1343). Gartley pattern will still be valid even if it extends past 1.1343, but it can't exceed past A point(1.1618).
評論:
Soon we will see.