60 Min $DXY Bearish BAT Harmonic ST Top? $USDOLLAR short trade
Updated
60 Min 
DXY Bearish BAT Harmonic ST Top? 60 Min DXY Bearish BAT Harmonic ST Top?
A short position would then be executed with stops near the high of X. The first target 1 comes in at 61.8% of CD, followed by target 2 at 1.272% of CD and finally target 3, which is the projected XA distance from the PRZ level at D.
How to trade Bearish Bat Pattern
s20.postimg.cc/vzp29j97x/screenshot_466.png
The chart above illustrates an example of a bearish harmonic bat pattern which was executed perfectly.
After identifying the XA leg, we notice AB retracing 48.8% of XA, well within the 38.2% – 50% retracement level
BC leg then declines to retrace 52.2% of AB (within the limits of 88.6% of AB leg)
CD then rallies to retrace 89.5%, which overshot the ideal reversal level of 88.6%, while staying within the range of 2.618% extension of AB leg.
After price rallied to point D, it promptly reversed. A short position would then be executed with stops near the high of X. The first target 1 comes in at 61.8% of CD, followed by target 2 at 1.272% of CD and finally target 3, which is the projected XA distance from the PRZ level at D.
DXY Bearish BAT Harmonic ST Top? 60 Min DXY Bearish BAT Harmonic ST Top? A short position would then be executed with stops near the high of X. The first target 1 comes in at 61.8% of CD, followed by target 2 at 1.272% of CD and finally target 3, which is the projected XA distance from the PRZ level at D.
How to trade Bearish Bat Pattern
s20.postimg.cc/vzp29j97x/screenshot_466.png
The chart above illustrates an example of a bearish harmonic bat pattern which was executed perfectly.
After identifying the XA leg, we notice AB retracing 48.8% of XA, well within the 38.2% – 50% retracement level
BC leg then declines to retrace 52.2% of AB (within the limits of 88.6% of AB leg)
CD then rallies to retrace 89.5%, which overshot the ideal reversal level of 88.6%, while staying within the range of 2.618% extension of AB leg.
After price rallied to point D, it promptly reversed. A short position would then be executed with stops near the high of X. The first target 1 comes in at 61.8% of CD, followed by target 2 at 1.272% of CD and finally target 3, which is the projected XA distance from the PRZ level at D.
Note
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