Looking for a Bat completion at the 0.886 retracement of the X to A move, along with the 1.618 extension of the A to B movement and the inversed extension of the B to C move.
The target area is also a strong area of previous support and resistance.
*The B retracement reached 0.500 but didn't close above 0.618*
The target area is also a strong area of previous support and resistance.
*The B retracement reached 0.500 but didn't close above 0.618*
Nota
RSI is indicating a strong divergence now relative to price action, adding more bearish bias to the trade.
Aviso legal
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Aviso legal
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.