Cory4rex

BTE Outlook

Long
Cory4rex Updated   
TSX:BTE   BAYTEX ENERGY CORP
BTE is setting up nicely for a buy off all time lows. From the weekly we've found major support areas between 2.01-2.20 price area. Trading within a descending wedge on the W1/D1. The double top on the D1 formed since Feb 8th has created a bullish cypher pattern and this is the area where we'd expect to buy the D. If you get a continuation this cypher pattern is valid. If the pattern is repeated we can look for this setup to continue bullish.

Daily:

Weekly
Trade active:
Spot on so far!!!!
Trade closed: target reached

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.