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MatTheCat
Feb 10, 2020 9:34 PM

Bear Harmonic Bat pattern framed against HTF Channel Break Down. Short

Index of top 30 shares on Wall StreetFXCM

Description

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On the Higher Time Frame Charts, US30 (DOW) looks ready for a bit of corrective action.
We have already had the FU move to put in the ATH, with considerable reversal configurations in place on Daily Chart, am watching the Lower time frame charts for this Harmonic Gartley (bat) trade to set up.

Either hit on tag, or hunt for reversal structure in the general vicinity. For such a trade, I always leave a little wriggle room so if the logical stop is bust, I often get opportunity to at least scratch the trade.
Comments
MatTheCat
Wish I had the audacity to have re-entered.......lol.
MatTheCat
Logical Stop Level Broken, Set Limit order to scratch and wait for dust to settle before deciding on next move.
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