Cypher, Bat (1hr) Butterfly (daily) pattern completions

28 Apr 2017

Here we have 3 patterns all finishing relatively close together. There are patterns on the hourly which you can take for a more short term basis targets at 382 and 618. The patterns complete at a decent level of resistance if you look back on a higher time frame. I will be looking to take this short soon if my entry rules are met. We also have almost an oversold signal on the rsi on the daily time frame and bearish divergence on the 1hr and 4hr time frame. A potential nice setup for more active traders and long term swing traders. Trade safe bros.