Just sharing a potential interesting idea here, testing some things.
Price has been trending for a while on the H1 and we're now at a resistance level on the daily (my orange box). Trending was recently broken when last OR was violated (X leg of the blue BAT pattern)m to push straight up again giving us a bullish rotation (and the XA leg for the BAT), which makes me predict a continuation to the upside (and back in bullish trend if price closes above the A leg of the pattern).
So I will be using the BAT as an anticipated signal predicting the trend continuation with target at the 61.8 for T1 and retest of the highs for T2.
Now let's wait and see.
As always feel free to comment !
Comments
Ian.Watts
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Hey Florent good analysis im looking at that bat as well lets ride it together.
shah-n
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@Ian.Watts, you guys are not alone. Identified this also.