The "I'm batman" chart pattern is something I've seen a few times over the years and it's always been a pattern that is highly correlated with cucking over-eager shorts that don't put enough effort into their analysis.
It consists of a rally, a dip, a strange symmetrical twin-peak pattern with a spike that was sold down between them, and then an extended rally. This creates a pattern that resembles the "Batman Logo".
The first example I will cite here is what occured on JPM back in 2011 when nobody believed that a recovery was possible after the Great Financial Crisis.
The second image that cucked me going into the COVID-19 crisis.
You can see that "I'm batman" always occurs as a pullback that leads to an extended "last resort rally" (that inevitably is a fake-out, or a trap).
I am watching a similar form on
AAPL right now
And my belief is, that is this resolves upwards as I expect, that this finalizes the final leg-up on tech stocks and indexes before the pullback or recession or however you interpret what comes afterwards.
It consists of a rally, a dip, a strange symmetrical twin-peak pattern with a spike that was sold down between them, and then an extended rally. This creates a pattern that resembles the "Batman Logo".
The first example I will cite here is what occured on JPM back in 2011 when nobody believed that a recovery was possible after the Great Financial Crisis.
The second image that cucked me going into the COVID-19 crisis.
You can see that "I'm batman" always occurs as a pullback that leads to an extended "last resort rally" (that inevitably is a fake-out, or a trap).
I am watching a similar form on
AAPL right nowAnd my belief is, that is this resolves upwards as I expect, that this finalizes the final leg-up on tech stocks and indexes before the pullback or recession or however you interpret what comes afterwards.
Nota
This worked out exactly as I expected.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.