From this chart we can see it is either going to be a Bat or an Alt Bat pattern. However after looking at the daily divergence, i believe price has to make higher than X to be considered as valid regular divergence.
As i posted previously on this instrument, there is a possible Bull Bat pattern on the daily.
Technical Strategy: Short when there is bearish signal after hitting 113% fib ext with Stop Loss few pips above 127.2% fib ext @ 134.10. Target TP 129.95.
As i posted previously on this instrument, there is a possible Bull Bat pattern on the daily.
Technical Strategy: Short when there is bearish signal after hitting 113% fib ext with Stop Loss few pips above 127.2% fib ext @ 134.10. Target TP 129.95.