Bearish BAT (Third wave of the Bearish Swing Trend: check my previous analysis) | PRZ: - D point: - BC: 2.618 = ABCD: 1.618 | 1) Out of Bollinger Bands? NO 2) RSI divergence? NOT YET 3) SR - GZ - TL - QP - MA? YES (SR, GZ, MA 200) 4) Rejection type? NOT YET | - Entry Price: 135.250 | - SL: 30 pips (135.550) - TP: 130 pips (133.950) | Trading plan: | Waiting for Bearish Divergence (Regular or Hidden) and a Rejection (pin Bar, double top, ...) to go SHORT
PRZ: Potential Reversal Zone SR: Support/Resistance GZ: Golden Zone TL: Trend Line QP: Quarter Point MA: Moving Average