Bat Pattern confirmations:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- take profits at 0.382 and 0.618 (Fibo A-D)
- third TP would be long term back to where it all started
We can see inside left leg there was several harmonic patterns been completed on a bullish movement until it made a double top at point A (Bat) for bearish initiation.
At this point a major consolidation was formed with an ABC structure, I measured bearish impulse by placing 0.236 below consolidation, where point B is and got major retracement 0.786 as a higher high at point C, by this point price has been bearish since it reached 0.786. I expect to sell from 0.236 to -0.27 near Bat Pattern completion.
Good Trading. - 4h Chart
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- take profits at 0.382 and 0.618 (Fibo A-D)
- third TP would be long term back to where it all started
We can see inside left leg there was several harmonic patterns been completed on a bullish movement until it made a double top at point A (Bat) for bearish initiation.
At this point a major consolidation was formed with an ABC structure, I measured bearish impulse by placing 0.236 below consolidation, where point B is and got major retracement 0.786 as a higher high at point C, by this point price has been bearish since it reached 0.786. I expect to sell from 0.236 to -0.27 near Bat Pattern completion.
Good Trading. - 4h Chart
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.