Back to back with a Shark pattern, that completet its "Type 1" reaction and hit T1, we now see a potential Bat pattern form. I will personally be abit more careful with this one since X point of the Bat isn´t on the absolute high of the previous swing (B point of the Shark pattern). But as with many other patterns forming in the same way, you just have to be aware of it and manage accordingly.
Completet PRZ har to be tested as usual and thereafter confirmation on a bearish reaction.
Also, looking at the bullish reaction we have right now it can be measured from a completed 5-0 pattern (light gray triangle). To deep reaction from the 5-0 could however invalidate the Bat pattern.
Updated View On AUD/NZD(14 May 2018)
Did you follow? We are in a good profit now.
It is on the way to our TP level.