Update June 14:
The Bearish bat pattern is almost complete with the initial target of D at 161.8% - 10198.
BEARISH BAT PATTERN:
XA -10645 - 8995
B - 9783 - approx 44.7% retr of XA
C - 9110 - 85.4% retr of AB
Projection for D:
9870 - 113% retr of BC
127% retr of BC - 9965
141.4% - 10061.62
161.8% - 10198.91
XA -10645 - 8995
B - 9783 - approx 44.7% retr of XA
C - 9110 - 85.4% retr of AB
Projection for D:
9870 - 113% retr of BC
127% retr of BC - 9965
141.4% - 10061.62
161.8% - 10198.91
Development of Bearish Bat Pattern in Hour Charts:
BEARISH BAT PATTERN:
XA -10645 - 8995B - 9783 - approx 44.7% retr of XA
Proj for C:
38.2% - 9482
44.7% - 9430
50% - 9389
61.8% -9296
