Cup Handle or Bat Pattern Who's Stronger ?
Cup Handle Pattern
Cup Handle formation is excellent so the post price action but as volume is low and calm. Strong Volatility is required to break even the cup High.
Have your Buy orders from 2160
Bullish Bat
If price action violates Cup Handle Formation then another possibility lies on Bullish Harmonic Pattern. With accurate Point B Retracement, Bat fits perfectly in this scenario.
Targets for Bat will be reached in AB=CD, while testing Trendlines. Reversal zone is also supported by EMA 200.
Reversal Zone : 1980 - 1965
Take Profit : 2040 | 2075
Good Luck with your trading plan.
Cup Handle formation is excellent so the post price action but as volume is low and calm. Strong Volatility is required to break even the cup High.
Have your Buy orders from 2160
Bullish Bat
If price action violates Cup Handle Formation then another possibility lies on Bullish Harmonic Pattern. With accurate Point B Retracement, Bat fits perfectly in this scenario.
Targets for Bat will be reached in AB=CD, while testing Trendlines. Reversal zone is also supported by EMA 200.
Reversal Zone : 1980 - 1965
Take Profit : 2040 | 2075
Good Luck with your trading plan.
