**1ST THING I CAN'T PROPERLY ALIGN THE FIBS, PRICE POINTS WILL DIFFER THOUGH IDEA REMAINS SAME. Now based on Fibs as per my drawing & Bat Pattern:- X2A fR gives B= 0.50 & D @ 0.886 = $3.07 B2C fR gives D @ 1.618 = $3.08 So go long at $3.07 based on trading though I dont trade weekly or monthly due to amount of drawdown if things go wrong..
But if we clone the dark blue AB = CD (where CD dark blue is only part of the bigger CD leg og BAT) : Price should fall upto (CD dark blue ) = $0.90 B2A dark blue fR gives 1.414 = $1.23 Between $0.90 & $1.23 are the areas where there has been S+R in 1974 & 1984.
Basically it serves the pupose of investment but if the 2nd scenario happens then trading as its then penny stocks arena.
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