Advancedpatterns
Double Top at Bat's completion pointHey guys,
this is a retest of a daily resistance zone that could stop price's rally and push it lower. Along with structure we have a double top setting up with RSI divergence and an engulfing candle right at the retest point. Finally there's also a Bat pattern already completed that further adds up to the list of the clues. Stops above highs, targets as displayed.
If you want to share your view or ask questions, feel free to ask.
Otherwise, see you in the next chart!
P.S. My weekly videoanalysis is available here below. Take a look at that!
Bearish Gartley 4HREUR recent spike up has failed to break and close above the previous high level at 1.20700. in doing so has put in a Valid Bearish Gartley Pattern. it has surpassed the traditional D leg completion level (was holding a long position hence why I did not take the trade at that level)
I am treating this as a reversal trade due to the euro testing a higher time frame structure level and failing to break and close above the 1.20700 level.
Taking 2 Traditional targets
Target 1 1.19786
Target 2 1.19262