Opportunity as Bearish Bat pattern or Bearish Channel breakout
Price has moved to a Key Daily Resistance. We are looking for short opportunities.
Entry can be:
- at 88.6 as a Bat pattern and have two targets (38.2 and 61.8 of C-D leg)
(learn to draw Bat pattern: http://en.tradingold.net/2016/10/04/bat-pattern/)
- as a breakout of Channel and target as an equal measured move (Y=Y')
Entry can be:
- at 88.6 as a Bat pattern and have two targets (38.2 and 61.8 of C-D leg)
(learn to draw Bat pattern: http://en.tradingold.net/2016/10/04/bat-pattern/)
- as a breakout of Channel and target as an equal measured move (Y=Y')
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Double Top neckline breakout
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