Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

on Weekly: Left Chart
BTR has been trading within a wide range, and it is currently consolidating near a robust support zone. Consequently, we will be searching for buying opportunities on lower timeframes.

on H4: Right Chart
BTR is forming a potential inverse head and shoulders pattern but it is not ready to go yet.

For the bulls to take over, we need a momentum candle close above the gray neckline.

In this case, we will expect a shift in momentum from bearish to bullish.

Meanwhile, until the buy is activated, BTR would be overall bearish and can still trade lower inside the support.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL

My Telegram Channel

Best CFD Broker

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.