The Case of the Bearish Bat (or is it)
Possible BTC and EUR/USD bull pop on or before 7:30 AM Central Time.
In this chart I am experimenting with this potential scalp idea, waiting to see if DXY holds this pattern and breaks out. However, with bearish bats I see A to C should be between 0.382 to .886.
For educational purposes, I was wondering if this pattern now invalidated since the A and C value is above .886. Is it actually a double bottom and DXY will continue higher? Time will tell. For me at least, I'm waiting till 7:30 AM Central Time to see.
If we break this pattern lower, BTC and EURUSD may have a nice bull pop / scalp opportunity to the upside.
If we break this pattern higher, EURUSD and BTC will drop respectively as it will be looking more like a double bottom for DXY and it will continue its climb upwards.
Feedback welcomed!
In this chart I am experimenting with this potential scalp idea, waiting to see if DXY holds this pattern and breaks out. However, with bearish bats I see A to C should be between 0.382 to .886.
For educational purposes, I was wondering if this pattern now invalidated since the A and C value is above .886. Is it actually a double bottom and DXY will continue higher? Time will tell. For me at least, I'm waiting till 7:30 AM Central Time to see.
If we break this pattern lower, BTC and EURUSD may have a nice bull pop / scalp opportunity to the upside.
If we break this pattern higher, EURUSD and BTC will drop respectively as it will be looking more like a double bottom for DXY and it will continue its climb upwards.
Feedback welcomed!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.