AHT Harmonics: Let's Ride!

Here, we have a bullish bat pattern with a potential bearish bat pattern on it's back. The bearish pattern indicates a price move up to 16 dollars. I've also included the extension level for an alternate bat pattern here at 20 dollars. While I doubt price will head there, I included it in the case that a squeeze or news of some kind pushes price up more violently. The fractal retracement indicates an entry price from 2.04 - 2.01, while the harmonic retracement indicates an entry a 1.99. I always round up a penny on these since they can be very precise. I would scale this entry with graduated buy orders from 2.04 to 1.98. Good luck, trade safely, and let's make that money at the REAL reversal zones!

Commentaire:

To be safe, here's what you should be shooting for off the price reversal, the 0.382 and 0.618 retracement; however, remember that price could go further if the pattern described in this idea holds: