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Bearish Bat

ETH Bearish BAT potential The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618. The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart. www.tradingview.com
COINBASE:ETHUSDShort
by j5150
1
DXY Hidden Bearish Divergence close to ResistanceThere's a lot of uncertainty in the markets right now, hence the spike in the relative value of the dollar. A lot of investors in the world are flocking to the dollar. They believe a crash is coming and best believe it is but not before the biggest blow off top ever. The meltdown will be devastating but not until you see crude oil reverse. Crude oil bullish move is just getting started. Don't be shorting this market, you will most likely get burned.
TVC:DXYShort
by FreedomBuilder
Potential 🦇 Forming USDCAD We have a potential bat pattern forming on the Daily between the weekly HL,LL, we're currently on a weekly downtrend so any pullback on the daily is to fill the weekly gap. Price is currently bullish and ranging on the Daily so I'm looking for price to break the daily highs but first to potentially drop (Filling some imbalaces left over from the previous push) but staying within the Daily Bullish Structure before then breaking the daily highs. Let me know your thoughts!
Long
by benalistarfx