Call the 2618, the Bat is furious // IF=THEN ®

FX:EURUSD   Euro / U.S. Dollar

Eventual Bullish BAT pattern

Pattern Objective:

Point B:
38.2% 50% XA
Point C:
38.2% 88.6% AB (or close below point A)
Point D
88.6% XA

TP1 38.2% AD
TP2 61.8% AD

Eventual Bearish 2/618 ( double top followed by a 61.8% retracement after breakout the previous structure lows/support)

Pattern Objective:
SELL at 61.8%;

- Double top validated;
- IF the price breaks the previous structure low's and THEN retract to a 61.8%, a movement downward is expected with break of previous Low's even further;

Safe trades;
IMO too risky till there might be one more step up (5th wave of the smaller structure).
oleg.golubovich oleg.golubovich
Ah sorry, your pattern has the IF=THEN caution, good!
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