First post on tradingview! Getting straight to it I happened to see a bearish bat forming on the daily along with the inverted head and shoulders pattern we all are waiting to see will finish.
For me, this bearish bat is confluence of the ih&s as we need to rally up to the 1.68 extension to complete the pattern on the harmonic.. in doing so that will complete the h&s pattern and we will rally to 7.5k before looking for shorting opportunities of that level.
But of course all of this is theory I have a ton to learn please feel free to butcher my ideas and give me constructive criticism for my overall TA improvement!
For me, this bearish bat is confluence of the ih&s as we need to rally up to the 1.68 extension to complete the pattern on the harmonic.. in doing so that will complete the h&s pattern and we will rally to 7.5k before looking for shorting opportunities of that level.
But of course all of this is theory I have a ton to learn please feel free to butcher my ideas and give me constructive criticism for my overall TA improvement!