UnknownUnicorn6129250

UnknownUnicorn6129250

The "B" mid-point is at 61.8% of XA leg. (Alternate Bat required exact 38.2% B retracement) For the Crab pattern or Gartley, the "B" can be 61.8% but D must me equal or more than 2 AB = CD. By the looking on the chart, we have 2 best entry point to enter long side.

UnknownUnicorn6129250 Updated 

"B" retracement of XA leg @ 61.8% AB = CD, is at 11737 Potential Reversal Area with overlapped Terminal bar. "D" retracement of XA leg in range of 1.27 to 1.618. Spent 5 Day for, "B" retraced, "D" also 5 days. This is the district the Gartley Pattern example. The price is travelling 61.8% retraceme nt area after reversal area.

UnknownUnicorn6129250 Updated 

The price will move upwards towards the PRZ area where I can expect selling pressure and price can fall up-to 38.2 or 61.8%. Let's watch for the Terminal Bar near the PRZ area to execute the trade.

UnknownUnicorn6129250 Updated 

The mid-point "B" has retraced 50% of leg XA. Either the Alternate 2AC=CD at 1.16791, or 1.618 AB=AC The 0.886 "D" point retracement of XA leg as defined at 1.17108 is the starting of the PRZ to enter a long position after the Terminal Bar is verified. The range of the PRZ is 300 pips starting from 1.17108 to 1.16791. The TERMINAL BAR of this pattern...

UnknownUnicorn6129250 Updated 

(i) A Bullish Bat pattern is defined when the B point is less than a 0.618% retracement and In the above chart there is 50% B point of XA leg retraced. (ii) A Bearish Bat Pattern occasionally forms after retracing from a critical high point. ie, 3388.70 the retracement 0.886 will occur close to the prior high when completed, which is X. Wait for the...

UnknownUnicorn6129250

Exercise patience here please, for validation 0.786 B point retracement of the XA leg, which our pattern requires. potential reversal zone will be defined after reaching 1.19069, which then completes our AB=CD. Our harmonic resistance will be above 1.19100 area