Guys, a bat advanced formation just completed. Looking for extended targets here.
Trade closed: target reached
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conventional target one is hit, conventional target two is hit. I have left a fraction of my position to see if price can reach the predicted highs drawn on the chart. Stops moved higher to protect 1/3 of my profit. Either way this trade will become a winner.
could u kindly make an educational slide on extended targets ???
Alexander_Nikitin
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@TAJIR_B, There's simply Higher Timeframe identification. If the pattern coincide with Higher Timframe trend then I shoot for extended targets. When the pattern contradicts it the I take conventional ones