SNXUSD: Bullish ConsolidationWe have what looks to be Bullish Consolidation with Bullish Divergence leading into what could be a Bullish ABCD BAMM with a target of $3.173
Bullishbamm
Early C Entry Bullish BAMM Continuation on SANDWe have some Bullish Variables at the 200 Hour Moving Average Suggesting a reversal and a move up that could be part of one big 1 HR BAMM that would take us up 30 percent from entry.
EUR/USD - Bullish BAMMWow this is huge! Today we have EUR/USD on the 4h chart with a bullish BAMM (Bat Action Magnet Move) setup .
This is a follow up from my previous post (chart is shown below), where price formed a valid inverted head and shoulders pattern.
Today's setup further validates the move up, as we have a bearish bat currently completing the C to D move.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
To add to this price is currently trading within an ascending triangle, this structure is holding really well.
Once I see a clear indication that price has broken and closed above the key resistance level (inverted head and shoulders neckline) I'll be going long.
Green area displays the profit zone.
I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point.
Feel free to connect with me below :)
