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Cory4rex
Apr 5, 2019 3:22 AM

BTE Outlook Long

BAYTEX ENERGY CORPTSX

Description

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

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