Hey traders, I hope y'all had a fantastic weekend.
The price seems to be preparing to form a bearish half a bat pattern. It will drop for the patterns trend together for the 21 and 50 MA's after it has bearish broke and retested the Monthly Neckline 3 and 8 MA. But if the price bounces off those key levels with a bullish reversal candle pattern close, a bullish uptrend will likely occur.
That's it for today. I hope you found this article valuable. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know you thoughts!
Stay Blessed,
Sphatrades.
The price seems to be preparing to form a bearish half a bat pattern. It will drop for the patterns trend together for the 21 and 50 MA's after it has bearish broke and retested the Monthly Neckline 3 and 8 MA. But if the price bounces off those key levels with a bullish reversal candle pattern close, a bullish uptrend will likely occur.
That's it for today. I hope you found this article valuable. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know you thoughts!
Stay Blessed,
Sphatrades.
