CTAG bearish harmonic bat pattern

٨ أغسطس ٢٠١٦

There is a risk CTAG needs a two wave correction lower from the June highs. The sharp reversal at the 0.886/2.618 Fibonacci target at 6.5 is the most likely fibonacci confluence level for a lower high and a second leg lower. Close below 5.6 confirms and targets 4.75 and 3.70