DAX30 - BEARISH BAT PATTERNA little late the party, but recent retracement offers an opportunity to jump on board
I am seeing a bearish bat pattern. Unfortunately, it didn't quite penetrate PRZ, just tickled the lower boundary of it, so I can't eliminate a possibility of another leg up into PRZ.
But I can only go by what is in front of me.
BEARISH BAT PATTERN
PRZ = 13384.1 - 13271.0
1.00ABC = 13271.0
0.886XA = 13382.3
1.618BC = 13351.3
Ggekkotrader
DAX30 - BEARISH BAT PATTERN - 15mPrice is rallying and the first port of call is possible Bat Pattern
Price has also formed a classical ascending triangle that could imply that market is bullish, but could proof to be a false break out and reversal back to down. Time will show.
Pattern: BAT
PRZ: 13142.8 - 13113.1
1.618BC = 3113.1
0.886XA = 13126.8
1.618ABC = 13142.8
ALT BAT - 4H Developing PRZ = 25128.3 - 25239I thought there will be a bat pattern similar to one in DAX, but it appears that ALT BAT is a more likely possibility based on confluence of fib levels. Time will show.
PRZ = 25128.3 - 25239
1.13XA = 25128.3
2.618BC = 25234.8
2.00ABC = 25239
Happy Trading!!!
GG
GARTLEY - GBPCAD - CompletedWatching price action closely at Gartley PRZ.
Could be a reversal.
Gartley PRZ = 1.72871 - 1.72833
0.786XA = 1.72871
1.272BC = 1.72833
But noticing that BCD leg of Gartley is forming a Crab like pattern also, gives me caution as price might trade a bit lower into Crab PRZ before reversing. Watching for LONG confirmations.
GOLD - Daily - 1-2-3 PatternI don't have much experience or confidence trading this sort of pattern 1-2-3. So not going to be taking a trade, but wish to note it down as part of my back and forward testing of this pattern to see if it offers any edge.
Decided to publish in case if anyone out there is interested in this sort of pattern.
DAX30 - Crab in Development - Add to watchlistGoing to add this to my watchlist. Appears that Dax is developing a Crab HCP with prz 10806 - 10850. Will monitor and decide if will trade based on price action and conditions around completion of pattern (if it completes).
PRZ = 10806.4 - 10850
1.618XA = 10826.1
3.272BC = 10850
3.14BC = 10828.9
3.00BC = 10806.4
2.24ABC = 10833.2