Aggressive traders short on the completion of the Gartley pattern (6384.2)
Warnings: Only retraced to .382 price action could potentially continue past this area and form a Bat pattern. For this reason I will wait and trade the Bat unless I see a reversal signal.
Conservative traders short on the completion of the Bat pattern (6397.5)
Warnings:
Warnings: Only retraced to .382 price action could potentially continue past this area and form a Bat pattern. For this reason I will wait and trade the Bat unless I see a reversal signal.
Conservative traders short on the completion of the Bat pattern (6397.5)
Warnings:
- Look for wide range bars completing the D leg (could extend further than the anticipated reversal zone)
- Market has been in a strong uptrend (keep contract size small)
- If your trading using nadex as broker be aware of the time the pattern forms you want to have enough time to reach targets
- If price extends further than the .786 or .886 you must change shorten your targets accordingly
Trade closed manually