Thanks @razultull for spotting the patterns.
Intact there was a right behind the BAT & it would have been a juicy trade but we missed it.
So there is a is developing on 30 mins chart & the D leg of the BAT coincides with support (green colour on chart). D leg completion is at 468.5 (PRZ).
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Stop loss would be placed below X leg .
(When looking to take targets on the Setup the first step is to use your tool. With your tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%.)
Target 1 - 483
Target 2- 492
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2.
Trade with care,
As per the text books - "the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns. ".
So lets keep our D point at same location ?