Just an idea - still learning but this is how I think BAT will go. Price will continue up to match the ATH
where sellers will prevail and drive the price down for another rebuy in the demand zone
. This will refill the coffers for an wicked strong upswing for a new ATH
. For you EW fans - follow your wave counts and note this also falls right in line for building up to a wave 1 peak, retrace and then super strong wave 3.
I am new, still learning. I am active in this trade at the moment and will be going this route for a nice rebuy opportunity to up my bags before it goes on this third wave.
Please let me know if you have any thoughts or ideas and don't forget to like my idea if you find it helpful!