Hi guys , i noticed this little bat growing up , keep an eye on it when time comes. This week GBPUSD seems to be on downtrend so most likely the price will go there anyway. Goodluck.
Following the move down near the 174.860, we find resistance at 176.571 which meets the criteria for a few harmonic patterns: The Bat, and the Alternate Bat which both meet at the 38.2 retracement. We see the 88.6 pullback near the 175.086 area based off the XA leg of the move. Bearish Bat confirmation found at 178.718 for a 1:4 RISK to REWARD ratio Bearish...
Plug power looks to be forming both a batwing and gartley XABCD pattern. It is currently in the bullish direction after forming an engulfing bullish line and a bullish 3-method formation on the .236 point, which it appears to be confirming with a bullish movement. I expect this to go to either $7 - 7.35 (high chance) or around $10.30 (low chance), at which point,...