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Bearish Bat

FKLI TRADING : 121) bracketing the market with advanced patternthis is trade 121 frm haidojo trading...2 messages here tdy... 1) a possible bearish bat pattern formation in hourly chart...with range to short frm 1597-1605...SL a few points abv 1605...1st tp 1587, 2nd tp 1560 2) lower level we have long-awaited bullish cypher pattern ranging frm 1512-1520...SL a few points below the 1500...1st tp 1560, 2nd tp 1587... with these 2 possible advanced patterns, we successfully bracketing the market within the range of 1605 - 1500...and make a simple call-to-action plan... resistance : 1585- 1605 (the red colored rectangle ) support : 1547-1560 lower support : 1512-1520 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW " are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!
by HAIDOJO_trading
Verizon Communications VZ bearish outlookEarnings were reported today and beat the estimates so keep that in mind. The technicals though look bearish IMO. We have hit a major trend line which so far hasn't been broken and looking at the size of the wick we hit a lot of selling pressure. Also we have created a Bearish Bat pattern which was completed when we touched the trend line. Would have been the perfect entry but still see plenty of downside potential. Also worth noting we have some bearish divergence on the 4hr RSI. Playing the Bearish Bat my prices targets are: Target 1 - $55.73 Target 2 - $55.17 Target 3 - $54.60 Good luck traders
NYSE:VZShort
by ElPsyKongroo369
POTENTIAL SHORT (BEARISH BAT APF) H1 TF)POTENTIAL SHORT (BEARISH BAT APF) H1 TF) *THIS PATTERN WILL VALID ONLY UPON COMPLETION OF THE PATTERN *W4C IS THE BEST WAY TO ENTER Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose
Short
by Blessed_Trader22
CAIXABANK: Approx. #Bearish #batpattern on its way & Q2 earningsThe bank's results are due on July 24th. JP Morgan and Wells Fargo saw sharp declines on profits (-51% and -71% respectively) yesterday and I expect Spanish banks will be unable to avoid them too. Besides, CABK has been the bank who's best performed in the short-term post-covid era, so we could expect bigger downward corrections than those in Santander or BBVA once their results come in. Barclays "saves" CABK and SAN's rating but still forecasts a -52% decline on profits for the sector although in my opinion, I expect -60% minimum. From the technical point of view, an approximated bat pattern is being formed and its figure may be ended either today or tomorrow at level 2.10-2.12. Once it is completed, the bank's share price may drop towards 1.80 level (0.5 Fib level) or 0.382 Fib livel (1.878) in case earnings readings are better than expected.
BME:CABKShort
by alexinve
SBI CARD - Time to take pauseSBI Card Formed Bat Pattern on the daily chart with a precise prz in the area of 740 . This Pattern possessed three levels in tight zone of 735 - 742. The Bat is the most common and precise pattern and requires a smaller stop loss than other patterns.The 0.886 XA retracement is the most critical level in the Bearish Bat pattern. I Always wait for the entire PRZ range to be tested to validate the completion of the pattern, though it delays the execution process, but the trade you take then won't test much of your patience. Note : BC swing slightly exceeded the A Point , so its not a perfect Bat pattern, but i am considering it as a Bat pattern, because of the close alignment of various Fibonacci ratios in the prz area..So Slight adjustment/leeway is allowed in the real trading world.
NSE:SBICARDEducation
by manuagarwal21
1
Spy - Bearish bat formationSPY Tight squeeze Can go in either direction , the graph looks to me like it will go down soon, maybe a little up, but ALOT downward potential (in my opinion) Notice the W shapes on the graph before it crash. (bearish bat) i dont like the W too much... play SPY safely! except a surge of downward movement soon. SPY is at a weird state where stocks have been breaking out as well stocks are undervauled. When one stock consolidates another one breaks out , spy goes up nonstop. but this wont last forever! When the main overvauled stocks sell off it will shock the whole market and people will get scared Puts on spy @ 318+highs , Calls on spy when 300+low
AMEX:SPYShort
by dekirby4