**1ST THING I CAN'T PROPERLY ALIGN THE FIBS, PRICE POINTS WILL DIFFER THOUGH IDEA REMAINS SAME.
Now based on Fibs as per my drawing & Bat Pattern:-
X2A fR gives B= 0.50 & D @ 0.886 = $3.07
B2C fR gives D @ 1.618 = $3.08
So go long at $3.07 based on trading though I dont trade weekly or monthly due to amount of drawdown if things go wrong..
But if we clone the dark blue AB = CD (where CD dark blue is only part of the bigger CD leg og BAT) :
Price should fall upto (CD dark blue ) = $0.90
B2A dark blue fR gives 1.414 = $1.23
Between $0.90 & $1.23 are the areas where there has been S+R in 1974 & 1984.
Basically it serves the pupose of investment but if the 2nd scenario happens then trading as its then penny stocks arena.
Now based on Fibs as per my drawing & Bat Pattern:-
X2A fR gives B= 0.50 & D @ 0.886 = $3.07
B2C fR gives D @ 1.618 = $3.08
So go long at $3.07 based on trading though I dont trade weekly or monthly due to amount of drawdown if things go wrong..
But if we clone the dark blue AB = CD (where CD dark blue is only part of the bigger CD leg og BAT) :
Price should fall upto (CD dark blue ) = $0.90
B2A dark blue fR gives 1.414 = $1.23
Between $0.90 & $1.23 are the areas where there has been S+R in 1974 & 1984.
Basically it serves the pupose of investment but if the 2nd scenario happens then trading as its then penny stocks arena.