This a beautiful triple trading combination edge,
firstly we have the Bearish Bat@0.886 and then the cross of the Resistance Zone with the 0.618 Retracement Triangle,
and that combination makes this zone really strong,
and with a higher probability of a reversal of the trend.
Nevertheless, we have to beware cuz the first time we have a reaction was with the Bat pattern(type-1 reaction) and now I'm waiting for the type-2 Reversal to be shown,
and I believe this going to happen inside the zone between the 0.618 retracement triangle and the resistance zone,
cuz there are more than two numbers right in the same price zone and that on my view it makes this zone really strong.
And also because this is a reorganized analyse that I did previously with different points.
That being said, let's just wait to see what's going to really happen here!
Rules:
1. Harmonic Pattern Completion - Done;
2. PRZ Hit - Done;
3. PRZ Test - Done;
4. Terminal Bar - Done & Waiting for the t-bar2;
5. Type-1 Reaction -Done;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3
We must wait for at least a clear sign confirmation of the reversal of the trend, and due to all the manage the trade by the strategy that works, if not we can find ourselves lost!
" Jesus replied, Anyone who loves me will obey my teaching.
My Father will love them, and we will come to them and make
our home with them. "
John 14: 23
firstly we have the Bearish Bat@0.886 and then the cross of the Resistance Zone with the 0.618 Retracement Triangle,
and that combination makes this zone really strong,
and with a higher probability of a reversal of the trend.
Nevertheless, we have to beware cuz the first time we have a reaction was with the Bat pattern(type-1 reaction) and now I'm waiting for the type-2 Reversal to be shown,
and I believe this going to happen inside the zone between the 0.618 retracement triangle and the resistance zone,
cuz there are more than two numbers right in the same price zone and that on my view it makes this zone really strong.
And also because this is a reorganized analyse that I did previously with different points.
That being said, let's just wait to see what's going to really happen here!
Rules:
1. Harmonic Pattern Completion - Done;
2. PRZ Hit - Done;
3. PRZ Test - Done;
4. Terminal Bar - Done & Waiting for the t-bar2;
5. Type-1 Reaction -Done;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3
We must wait for at least a clear sign confirmation of the reversal of the trend, and due to all the manage the trade by the strategy that works, if not we can find ourselves lost!
" Jesus replied, Anyone who loves me will obey my teaching.
My Father will love them, and we will come to them and make
our home with them. "
John 14: 23