TradingView
BaliShag
Dec 2, 2015 5:13 AM

The early stages of a Bat pattern? Long

Description

Way too early to be counting on the Bat, but the structure is clearly there. Break above the zone at 195 triggers the bullish BAMM (Bat Action Magnet Move), whereafter a bullish bias should pay off, until the Bat is completed.

Let's see how this plays out. I'll try to update with possible setups along the way, if it doesn't have a total melt down right after I post this ;)

N.B. bearish Cypher or NenStar on the way up. Good reaction to time cycles (sinus wave), which indicates a possible top around New Year.
More