An identify harmonic bullish bat pattern confluence with the plotted demand zone (light blue box). An early rebound from the D leg of the pattern failed to break the 1st down slope trend line (solid red TL).
The price of 1518 dropped to 1477 and hovering in the plotted demand zone. Price might test the stop level. Preferably price action indicate upwards & strength oscillator rebound from the oversold zone before execution to be made.
Price need to break the 1st down slope trend line (solid red TL) for TP1 and 2nd (red dot TL) for TP2.
Stop: 1457.0
PRZ : 1472.0 - 1493
TP1 : 1534
TP2 : 1568
The price of 1518 dropped to 1477 and hovering in the plotted demand zone. Price might test the stop level. Preferably price action indicate upwards & strength oscillator rebound from the oversold zone before execution to be made.
Price need to break the 1st down slope trend line (solid red TL) for TP1 and 2nd (red dot TL) for TP2.
Stop: 1457.0
PRZ : 1472.0 - 1493
TP1 : 1534
TP2 : 1568
Comment:
TP1 Hit