Looks like a Bearish Bat Pattern is forming, if the price cross over the .236 retracement and if RSI cross over 50 I'll go long with a stop loss just below "C" and wait for the reversal at "D"
PS : Also noticed a slight divergence with the price making higher low and the RSI making Lower Low. This would confirm my idea. However, I've never really looked into divergence more than that so if someone more knowledgeable on the matter could advise me I'd really appreciate that.
PS : Also noticed a slight divergence with the price making higher low and the RSI making Lower Low. This would confirm my idea. However, I've never really looked into divergence more than that so if someone more knowledgeable on the matter could advise me I'd really appreciate that.