BAT BUY on M30
screenshot attached. also attached M5 with red line indicating first top level RSTT.
i would not buy yet. wait until the price falls further. watch the shape of MACD on M5. when you get the lower low in price but MACD is not going lower than the previous hump, you have divergence. then check the level where price seems to be getting support and watch the size of the wicks. any stop grabbing wick spikes, buy into that and target first TP at the red line on M5 which also happens to be the 38.2% fib retrace of the drop from point A to D in the bat structure you can see in the screenshot of M30.
also note that D or end point of bat was exactly right at the 38.2% of daily fib structure, 840.0. would watch for a bounce here... but if not, then ...
if markets drops further from here, a good buy point would be pivot S2 = 734.1 and SPPT of rectangle low at 701.4, and what happens around 750.0 needs to be considered as well.
a further drop will target the 615.7 level, which is the 61.8% fib of the move up from 1,208.14.
right now, market remains flat, mini rectangle on M5/M15 and is very much still walking the band on M30/H1. this is dangerous. i think it will drop further, give us some stop grabbers, then reverse up.
now, from a longer term approach, personally i would sell into the rallies. this buying business i'd say is only good for very short term scalping. just be clear. don't want to any misunderstanding that i mean the market is gonna go bullish from here on. i have no idea.