Here on the HR 4. We got a potential short opportunity with a short Bias that there could be a potential Bull Bat pattern formation and a confluence of a deep crab with a Deep Crab Point of Validity (yellow line) by which it is our A point of the Bull deep Crab that will complete at the 161.8 Fib AX extension.. And take note that there is a Bear Cypher Pattern Completion on the C point of our potential Bull Deep Crab. Completion of Bull Deep Crab is confluent with our Bat Pattern completion. Its a good opportunity to short the market with atleast 1:2 RR as we have the bias. Automatically Stops would be above our yellow line. If it breaks, the bull Deep Crab will be invalidated hence stopping us out on this good potential trade.
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By the way this the Cypher Pattern (bear) that i was talking about. Best seen on the hr 1 or 15 mins tf.
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If you have taken the Bear Cypher pattern. TP 1 and TP 2 is already reached.
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Take note that the bull bat pattern setup is already invalid.
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Not the bull bat. The potential Bull deep crab pattern. But as for the Bull Bat it is still calid. currently price is near at a resistance. Where we could tell that the previous highest would be our A point of our potential Bull bat pattern.
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jose
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hi mate, thank you for your detailed guide
this idea clear and looking good, i love to learn
im in from 7661
this idea clear and looking good, i love to learn
im in from 7661