NRT Weekly Chart
Following up on earlier post, Target 1 is hit...
Typically bat patterns hit 38% and 61% targets which are shown on the chart, so far we have only hit 50% and formed a pin bar
The 61% target 2 aligns with a daily gap which makes it a natural target as chart traders do not like gaps... and tend to fill them over time
On the daily chart there are gaps both above and below the current price, give the weekly pin bar its entirely possible to see a medium term dip into the gap zones... followed by another push higher to close the 61% target 2 and gap close which would be a good place to exit
No specific setup for me at present....
Following up on earlier post, Target 1 is hit...
Typically bat patterns hit 38% and 61% targets which are shown on the chart, so far we have only hit 50% and formed a pin bar
The 61% target 2 aligns with a daily gap which makes it a natural target as chart traders do not like gaps... and tend to fill them over time
On the daily chart there are gaps both above and below the current price, give the weekly pin bar its entirely possible to see a medium term dip into the gap zones... followed by another push higher to close the 61% target 2 and gap close which would be a good place to exit
No specific setup for me at present....
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.