Light Grey - Bat Pattern - D leg completion at 125.082
Dark Grey - Gartley Pattern - D leg completion at 123.893
Price has now bounced off both the Gartley & Bat Pattern C leg which is a positive sign indicating we should get a completion of one advance pattern in the coming hours / day.
Taking a Fibonacci of the C to D leg of both the Gartley and Bat Pattern gives us a .382% Target 1 at structure resistance / support, which is a perfect area to take of half of our position and move stops to break even.
- Stop Loss Below / Above X - Target 1 at .382 Retracement ( Once Target 1 is achieved, half of position taken off and SL moved to break even ) - Target 2 at .618 Retracement
Comments
ahmed.daks
⋅
can you please show me where the C to D leg is
UnknownUnicorn180388
⋅
Hi,
Which pattern was it you were referring to?
The Bat Pattern ( Light Grey )
The Gartley Pattern ( Dark Grey )
ahmed.daks
⋅
the one u referred to to use fib levels between and identify targets
I also never fully understood harmonic patterns, would u care to explain? on skype maybe
UnknownUnicorn180388
⋅
The pattern has 5 points XABCD.
Each point is a Fibonacci retracement or extention, once these 5 points have completed we then look to buy or sell at market.
Yes i will private message you the full details.
AvniPiro
⋅
Hi would you Beatle to message me full details pls