Bearish bat
We have a beautiful bearish bat on GJ with many points of additional confluences. In my system, this would be a high probability pattern, however, you should always test your strategies before you trade them!
GJ has failed to break and hold above the previous lower high of the down trend. Technically, we are still in a bearish long term trend on the longer term. The D completion of the Bat is at a major structure level with fib confluences + ab=cd completion. The market is now putting in multiple tops w/ RSI divergence.
GJ has failed to break and hold above the previous lower high of the down trend. Technically, we are still in a bearish long term trend on the longer term. The D completion of the Bat is at a major structure level with fib confluences + ab=cd completion. The market is now putting in multiple tops w/ RSI divergence.
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