The bearish bat pattern work good for now having pushed price lower from 0.886 fib level. For those traders who din't enter the market at D point, you can wait for price to break the short term support level, wait for a smaller correction and go short.
Profit targets should be the initial 0.382 and 0.618 fib level of the AD move. Stoploss above the D point.
Profit targets should be the initial 0.382 and 0.618 fib level of the AD move. Stoploss above the D point.
Commento:
Breakout has happened. Wait for a consolidation before you go short..
