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RS3175
Sep 12, 2023 1:00 PM

Bat and Crab on CI 

The Cigna GroupNYSE

Description

Bearish Bat on CI

You can ride the journey on CD as the final leg of the bearish bat pattern completes.

TP1: 88.6 % of XA when the bearish bat pattern is complete.

If trend turns bearish at that point, CI can be shorted all the way down to 38.2% of AD and then to 61.8% of AD.

If the uptrend continues ie. beyond TP1, the pattern will then be a crab pattern. You can then ride the extended CD journey upwards. In this case TP2 = 161% of XA.
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