JonyFxHunter

Bearish Bat In Formation

Short
JonyFxHunter Updated   
TVC:USOIL   CFDs on WTI Crude Oil
This is not perfect harmonic structure, cuz the C - point went just a little bit below the limit, yes
I would consider it a Shark pattern but it was not until 1.13 the minimum number of the Shark C point.
Nevertheless, let's go back to the poin, this pattern it's being formed over the correction trend and I believe this uptrend will change soon cuz we have this beautiful Harmonic Formation and also we have that secondary resistance just a few points above the PRZ.
Rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit & Tested - Waiting;
3. Candlestick Reversal Sign - Waiting;
4. Candlestick Confirmation Sign - Waiting;
5. Risk Reward(1/4) and Risk Management - Set;

If you do what's easy your life will be hard, but if you do what's hard your life will be easy. Les Brown

Pips Hunters Forex
Comment:
This Structure is 90% complete. you should pay attention to that.
Comment:
I took some time, but there we go, PRZ it's being tested right now!
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.