Pattern Identified: Bullish Alternate Bat variant (0.618 B-point / 1.13 XA extension) with strong confluence at Potential Reversal Zone (PRZ).
Key Confluence:
Harmonic PRZ: D aligns with 1.13 XA extension
Price Action: Three rising valleys forming at PRZ - showing accumulation and higher low structure
Momentum: Bullish divergence present on MACD and RSI
Confirmation Needed:
Bullish breakout on the third valley + Volume increase on breakout
Key Confluence:
Harmonic PRZ: D aligns with 1.13 XA extension
Price Action: Three rising valleys forming at PRZ - showing accumulation and higher low structure
Momentum: Bullish divergence present on MACD and RSI
Confirmation Needed:
Bullish breakout on the third valley + Volume increase on breakout
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Disclaimer
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.