pipmountain
Short

POTENTIAL BEARISH BAT PATTERN COMPLETION ON DAILY SPX500 CHART

SP:SPX   The S&P 500 Index
Hey Traders,

During today's Daily Market Session we entered a small position on a potential Bearish Bat Pattern formation on the S&P 500             securities. This was identified as more of an extended Bat according to the trade plan as the C-D leg has extended beyond the .886%. The potential pattern has formed in the region of a previous Resistance zone .

Entry was @ market within the current zone
Stop was placed above the X point

Good looking potential pattern @ this point in time!

Happy Trading!

MountianGuide.
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