On a 1 hour chart, the price action of pNetwork (PNT) is completing the final leg of bullish BAT pattern, soon it will be entered in a potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $0.4844 to $0.4748
Fibonacci projection or sell zone: $0.5073 to $0.5422
Stop Loss:
The potential reversal zone area that is up to $0.4748 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 14.10 % and as per the above-mentioned stop loss, the loss possibility is 2%.
Note: Above idea is for educational purpose only.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $0.4844 to $0.4748
Fibonacci projection or sell zone: $0.5073 to $0.5422
Stop Loss:
The potential reversal zone area that is up to $0.4748 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 14.10 % and as per the above-mentioned stop loss, the loss possibility is 2%.
Note: Above idea is for educational purpose only.
