A bat pattern is possible if the price action exceeds the neck line i.e, 41.07. Then it can go till 88.6 fib level i.e, 40.11 which is near to an important key structure level 40.17 and we expect the price action reversal as it completes the bat pattern. The TP profit targets (for the buy trade) are 41.00, 41.28 and 41.56 respectively according to fib analysis.
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Disclaimer: This is not a signal, this analysis is for educational purpose only. Please do your own technical analysis and get into the trade with your own risk when you find a valid entry.
If you do like this idea, please hit the like button to support me.
Disclaimer: This is not a signal, this analysis is for educational purpose only. Please do your own technical analysis and get into the trade with your own risk when you find a valid entry.