Bat
💡 Don't miss the great buy opportunity in BATBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0000068). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Basic Attention Token/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 0.0000087
TP2= @ 0.0000106
TP3= @ 0.0000140
TP4= @ 0.0000185
BLong
Cummins India Bearish Bat Pattern on Weekly TFCUMMINSIND reaching Major Structure Zone (Yellow)
which has been a support now acting as resistance.
Tested and failed in September' 19 & January' 20
In Confluence with below
1). Weekly timeframe - 0.886(Bearish Bat) & 1.618 AB=CD
Patterns PRZ converging within 610-630 zone
2). RSI 70.64
3). Monthly timeframe - touching 0.382
Targets
1 - 485
2 - 406
The Bat Pattern on the NIFTY.The "Bat pattern" incorporates the 0.886XA retracement, as the defining element in the Potential Reversal.
The B point retracement a 0.50 of the XA leg. The Bat utilizes a minimum 1.618BC projection which is already done.
In addition, Ba t pattern i s extended a 1.618 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
Let's see, Nifty respect of BAT pattern of NOT.
Larsen & Toubro (LT) - Good candidate for short sell
Monthly trend is bullish so we are considering it as a correction.
Formed the BAT pattern in weekly chart.
If we see sell off here before tagging the last high which is 1384, then it can visit the area between 1120 to 1000.
Stoploss could be placed at 1384.
This view is only for the education purpose, Please connect to your financial adviser before taking any entry.
LARSEN good short candidateLarsen spot cmp 1280
Bearish bat pattern formation.
PRZ zone in range 1280 to 1320
SLZ zone above 1350 levels
Elliot wave study.
Impulse wave is above to mature around 1300 levels,, if corrective wave unfold around these levels can see retracement in price..
Good short candidate
PVR Short (1893.50 - 1908.20 - 1929.20)PVR
Sell
E: 1893.50 - 1929.20
S: 2086.65
T: 1720.55 - 1591.45 & more
PShort
Perfect illustartion of Bat Pattern.The Bat Pattern, is a precise harmonic pattern™ discovered by Scott Carney in 2001
The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ).
The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg . The Bat utilizes a minimum 1.618BC projection.
In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requ
ONGC - Did You Pick Stock close to 60's?Last-89.85
Last closed near to 90-which is short term hurdle & crossing above 90's it can push to 115/125 Target zone which will be next resistance
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Last Idea - Suggested on 6th June2020
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