We have a bullish Bat coming right at the .886 fib retrace on the Weekly.
The first targets I am looking for at getting aboe the 4.83 region and after that it is smooth sail till the 8-9$ region. After that I don't see much point staying in the trade.
The chart has shown a clear rejection of the 0.01964's resistance and the only way looking left is falling to the next support, first 0.01738 and then between 0.008-0.011
We are extremely elevated on all indicators as well as confirming 0.58 and consecutively 0.55 as resistance. The only are to retest is between 0.44 and 0.48
Good luck to all traders :)
We have a bearish harmonic bat which already triggered and we are looking for a bigger pullback retesting the place we broke off from.
T1: 1447
T2: 1304
Clearly oversold on the weekly inverse chart(overbought on the normal FTSE Index), showing bullish variables for a long as well as a harmonic deep crab has formed. Treat. Should be up and running in the next 3-4 weeks.
If we don't break below XA we should see the Alternative Bat playing out and reaching the full retracement to 0.3839 at the very least. T2 would be more risk-worthy and I will not play it.
Stay safe harmonic traders :)
