We might have a bearish bat pattern on the Daily KO chart.
- AB is just over a .5 retracement of XA
- BC is just short of the .382 retracement of AB
- Looking left we do have structure at point D.
Stops go above X, TP 1 @ the .382 retracement of AD.
- AB is just over a .5 retracement of XA
- BC is just short of the .382 retracement of AB
- Looking left we do have structure at point D.
Stops go above X, TP 1 @ the .382 retracement of AD.