DAX30 - BEARISH BAT PATTERN - 15m
Updated
Price 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
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
Note
Entered trade short at 13130.4 SL@13172On a second pass at this idea, noticed that there is also a Bearish Deep Crab pattern, what a nice bonus :D
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