This is my 1st try mapping a potential Bat pattern.
The A/B confirmation is not fully confirmed but a little practice never hurts.
For reference I provided the B/C .382 and B/C .886 potential movements.
B/C .382 retracement is 115.682 followed by a 1.618 extension to 116.35 before resuming the Bear movement down
B/C .886 retracement is 115.010 followed by a 2.618 extension to 118.149 before resuming the Bear movement down.
If A/B is not fully formed these ranges will need to be adjusted.
Lets see if the current A/B retracement of 116.209 holds before any redraws.
The A/B confirmation is not fully confirmed but a little practice never hurts.
For reference I provided the B/C .382 and B/C .886 potential movements.
B/C .382 retracement is 115.682 followed by a 1.618 extension to 116.35 before resuming the Bear movement down
B/C .886 retracement is 115.010 followed by a 2.618 extension to 118.149 before resuming the Bear movement down.
If A/B is not fully formed these ranges will need to be adjusted.
Lets see if the current A/B retracement of 116.209 holds before any redraws.
Comment:
see chart notes
Comment:
market moving quite actively today
put a days fib study on to define our trading ranges
market moving quite actively today
put a days fib study on to define our trading ranges
Trade closed: target reached:
Order cancelled