Clearer chart of Potential Bat Pattern for TBT on Weekly Chart
I posted the Daily chart a couple days ago; here is the weekly chart which is a bit clearer for people.
Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will usually just stick with a 1:2 R/R and move on.
Volume saw increase during ascent of the 'XA' leg and fell off during the decline and maturity of the pattern.
Also there is some noticeable momentum divergences found on both the stochastic oscillator and mac-d histogram for both the daily and weekly charts.
Entry: 61.30
Stop Loss: 57.97
Profit Target: $67.96
Again, I'm looking to get long around 61.30s to not miss the move. I would expect a retest of the B point, but I will usually just stick with a 1:2 R/R and move on.
Volume saw increase during ascent of the 'XA' leg and fell off during the decline and maturity of the pattern.
Also there is some noticeable momentum divergences found on both the stochastic oscillator and mac-d histogram for both the daily and weekly charts.
Entry: 61.30
Stop Loss: 57.97
Profit Target: $67.96
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.