Hey guys,
here you can see a Bat Pattern that's ready to complete on 4hr chart. Its completion point comes right at a key level of daily structure that could push prices lower. RSI is near to overbought condition and a psychological level lies right there. You can either choose to take the bat pattern at the D point or wait for price to come to the yellow box and then wait for an additional confirmation to sell.
I'm taking the Bat, with stops above X, and targets as usual.
If you have questions or ideas, feel free to write below.
Otherwise, see you in the next chart!
here you can see a Bat Pattern that's ready to complete on 4hr chart. Its completion point comes right at a key level of daily structure that could push prices lower. RSI is near to overbought condition and a psychological level lies right there. You can either choose to take the bat pattern at the D point or wait for price to come to the yellow box and then wait for an additional confirmation to sell.
I'm taking the Bat, with stops above X, and targets as usual.
If you have questions or ideas, feel free to write below.
Otherwise, see you in the next chart!
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