A bat pattern forming at 0.886 price at 203 at point D.
Pricing goes lower than 196 below point X, would invalidate the pattern.
The support of 196 is the previous resistance, which is why I see this pattern will soon test this points and a buy call might be realises.
Otherwise next support @ 169 would be the extreme for next buy call.
Pricing goes lower than 196 below point X, would invalidate the pattern.
The support of 196 is the previous resistance, which is why I see this pattern will soon test this points and a buy call might be realises.
Otherwise next support @ 169 would be the extreme for next buy call.
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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.