BA Take profit mode off completed Bearish BAT pattern
BA is in take profit mode.. basically using the top of the move $213+ algos will retrace at minimum down to 61.8 fib.
Best entry short was $213 so manage trade carefully with stops.. You can use the 20sma on the Daily as a guide as price recently rejected perfectly showing short term sell bias..
There is some price imbalance below so there are alot of things to like here.
If you decide to short cover at 61.8 fib by rule. There could be further downside but that would be another setup.
Good luck!!!
Best entry short was $213 so manage trade carefully with stops.. You can use the 20sma on the Daily as a guide as price recently rejected perfectly showing short term sell bias..
There is some price imbalance below so there are alot of things to like here.
If you decide to short cover at 61.8 fib by rule. There could be further downside but that would be another setup.
Good luck!!!