Bearish🐻 Bat In Formation

- The Bat is forming over the rise of the price to uptrend,
but with this pattern, I firmly believe this won't take too much and it will get down again,
and as it's been showing to us, the probability of this happens are really high, because we have:
1. The Fibonacci 0.618 Resistance level;
2. The Resistance Line quite above of the PRZ and the Resistance Level;
3. The Up trendline has to be tested;
4. And also we have this Beautiful Bearish Bat 🦇;
Do I need to tell what's going to happen here, I guess don't.


- Let's go to the rules:
The rules are not different but we can trade this edge with a different point of view,
but I do prefer to relate everything with the Harmonic Pattern Concept, cuz it's my principal strategy.

1. Harmonic Pattern Completion - Waiting;
2. Resistance Level Test - Waiting;
3. PRZ Test - Waiting:
4. Reversal Candlestick Sign - Waiting;
5. Candlestick Sign of Confirmation;
6. Risk/Reward(1/3);
7. You must have good risk management to trade it, and any kind of instrument;

- Once all the points are complete we can trade it.

Jony Sonjamba(JonyFxHunter)
Pips Hunters Forex