on d1 , i see many months of distribution coming to an end, with consecutive weeks registering lower highs, could be the start of H4T.
I am slowly coming to see the reaction of price n d1 line chart.
On h1 , there is a sort of ugly h1 1234 reacting to the d1 line chart 8034. I am taking a partial position to short. I am willing to hold this small amount of risk to play out this big pattern first.
On the next better 1234 setup, I will be entering a larger position.
tracking on tradingview
Batman Chart Pattern
I will also like to document the “Batman Chart Pattern” , a variant of the Double Top but nevertheless a distribution pattern as well. common salient points will include:
– a flat head before the 2nd ear
-they are usually multi day bull/bear traps