3quarter

Kylan_Laymance Kylan_Laymance GBPJPY, 60, Long ,
GBPJPY: Bat Pattern or a Wedge GBP/JPY, 1hr
58 0 0
GBPJPY, 60 Long
Bat Pattern or a Wedge GBP/JPY, 1hr

Here we see a developing Bat pattern in a triangle or wedge pattern. we know that wedges generally rally out at 3/4 of the triangle, be it up or down. So what we should expect to see happen here is that the market will rally down into previous structure around the 1.618 extension of the AB leg. when the market does so, it will complete the bat pattern ...

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