It's an harmonic pattern advanced strategy.
On Bat during the CD completion, if a candle close below the B point there is a highly probable chance that the price will complete the pattern.
I put the target at 2.242 AB projection, but the completion zone must be define better when C will appear, if it will.
We firstly must a candle close between 0.382 / 0.886 to complete the C point.
The SL will be the current ATR.
On Bat during the CD completion, if a candle close below the B point there is a highly probable chance that the price will complete the pattern.
I put the target at 2.242 AB projection, but the completion zone must be define better when C will appear, if it will.
We firstly must a candle close between 0.382 / 0.886 to complete the C point.
The SL will be the current ATR.
Note
Finally the Bat has a 50% B retracement, we have to wait a H1 candle to close below the B point to take position. I don't know how to update the chart with a pic sorry.
Order cancelled
the price broke the X level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.