AU Bat Pattern Short
Bat pattern forming on AU
Bat pattern is
AB into a .5 retracement
BC into a .786 retracement
CD into an 886 retracement giving us a good shorting oppurtunity with small risk and a great return
Bat also complete at a pretty large structure level which gives us a good spot to place our stops above the X leg of the move (74.900s)
First targets into the .382 retracement then second targets are into the .618
Plan your trade trade your plan!
Bat pattern is
AB into a .5 retracement
BC into a .786 retracement
CD into an 886 retracement giving us a good shorting oppurtunity with small risk and a great return
Bat also complete at a pretty large structure level which gives us a good spot to place our stops above the X leg of the move (74.900s)
First targets into the .382 retracement then second targets are into the .618
Plan your trade trade your plan!
Note
Sorry I might've been typing too fast but for a Bat itsXA .5
AB .786
BC .886
Short at the .886 of the XA leg!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.