With some imagination I can draw EW for last BAT rise and possible Butterfly pattern for correction. BAT is currently moving in triangle around 0.381 Fib level of XA. If this triangle will get broken to downside, it could reach 0.618 Fib level of the whole rise from 1 to 5, which corresponds also with Butterfly point D and could be nice entry level. Some resistance is expected in this case around point B level (which is also 0.328 Fib level of the 1 to 5 rise).
If BAT will rise over point C before, this idea won't be valid anymore.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
If BAT will rise over point C before, this idea won't be valid anymore.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Comment:
Support at 3800 got broken, next on menu is 3560.
Order cancelled:
Choo choo, no butterfly here :)
