as we can see BAT had broken trough the its monthly resistance zone and had rechecked it back and now it can be counted as it current support
we have some good chance of longing it up to the Parallel leg level of Fibonacci Projection and on its MACD we could spot some Mild Hidden Divergence
please comment your opinions
Yes lads, posted this setup 2 days ago now and it did exactly what we were after,
Really nice technical setup, partnered with good press allowed it to break to the upside nicely and return good profits on longs
Where next?
Of course I would like to see it try and claim the 0.786 but the sell pressure just beneath indicated by bearish engulfing suggests to me that...
Hello, traders.
Take a look, Leevan. BAT failed to stay above an important resistance level.
This trap could be bearish for that asset. I expect a sideways movement between the support and resistance level
This movement also can be a corrective wave 2 and is testing the Fibonacci levels
Best Regards.
Pattern: Fractal repetition.
Signal: Bullish as long as the price remains above the symmetrical support (bold black line)
Target: 0.00005000 (just below the Symmetrical Resistance).
