DAX30 - BEARISH BAT PATTERN - 15m Short

Germany 30OANDA

Description

⋅ Sep 9, 2020 7:42 AM

Price is rallying and the first port of call is possible Bat Pattern

Price has also formed a classical ascending triangle that could imply that market is bullish, but could proof to be a false break out and reversal back to down. Time will show.

Pattern: BAT
PRZ: 13142.8 - 13113.1
1.618BC = 3113.1
0.886XA = 13126.8
1.618ABC = 13142.8

Comment

⋅ Sep 9, 2020 9:06 AM

Entered trade short at 13130.4 SL@13172

On a second pass at this idea, noticed that there is also a Bearish Deep Crab pattern, what a nice bonus :D

Comments

InnocentF_X

⋅ Sep 9, 2020 11:28 AM

Thanks bro @ggekkotrader , advise the support level please?