Dear Traders.
It's weekend and today I'm bringing to you a new opportunity that's coming out Trading Week, the Beautiful Bearish Bat@0.886XA in completion;
That's a perfect Bat cuz that follows all the rules of the pattern, the B@0.50 Fibs,
the XA-D@0.886XA and the C@0.618 Fibs level, beautiful.
This is also a strong resistance zone, that the price has been testing this week, so I'm waiting for this zone to be tested again with the price so it's can complete the pattern and give us some profits with it's reversal of the trend.
Setup Rules:
1. Harmonic Patterns Completion ( Bearish Bat@0.886XA) - 45% Complete ;
2. PRZ Hit Waiting;
3. Terminal Bar - Waiting;
4. PRZ Test -Started;
5. Candlestick Reversal Sign - Waiting;
6. Candlestick Confirmation Sign -Waiting;
7. RSI Reversal Sign - Waiting;
8. RSI Confirmation Sign -Waiting;
9. Type-1 Reaction - Waiting;
10. Type-2 Reversal - Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.
It's weekend and today I'm bringing to you a new opportunity that's coming out Trading Week, the Beautiful Bearish Bat@0.886XA in completion;
That's a perfect Bat cuz that follows all the rules of the pattern, the B@0.50 Fibs,
the XA-D@0.886XA and the C@0.618 Fibs level, beautiful.
This is also a strong resistance zone, that the price has been testing this week, so I'm waiting for this zone to be tested again with the price so it's can complete the pattern and give us some profits with it's reversal of the trend.
Setup Rules:
1. Harmonic Patterns Completion ( Bearish Bat@0.886XA) - 45% Complete ;
2. PRZ Hit Waiting;
3. Terminal Bar - Waiting;
4. PRZ Test -Started;
5. Candlestick Reversal Sign - Waiting;
6. Candlestick Confirmation Sign -Waiting;
7. RSI Reversal Sign - Waiting;
8. RSI Confirmation Sign -Waiting;
9. Type-1 Reaction - Waiting;
10. Type-2 Reversal - Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.