I'm basing this idea on two main keys
- Bat pattern
- Broken bullish trendline (lower pennant line)
.. And the bearish rotation supports the idea together with previous structure zones which should act as resistance. Lets not forget overbought conditions!
Second scenario, and one that would stop me out, is the retrace into pennant before continuing its decent.
Lets hope we get filled!
- Bat pattern
- Broken bullish trendline (lower pennant line)
.. And the bearish rotation supports the idea together with previous structure zones which should act as resistance. Lets not forget overbought conditions!
Second scenario, and one that would stop me out, is the retrace into pennant before continuing its decent.
Lets hope we get filled!
Operación activa:
Target adjusted for 38.2% fib of entire leg.
Operación cerrada: precio stop alcanzado:
Not this time. On to the next opportunity!