JonyFxHunter

Bearish Bat and Elliot Wave

Short
JonyFxHunter Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
- The Elliot Wave it's almost complete just miss the correction move,
and that's going to complete also the Harmonic Bat Pattern, we also have a strong resistance zone here,
and another correlation is that all of these formations are inside the Bearish Bat pattern that we can find in the Weekly timeframe
, I also posted here a few weeks ago, check it out.
So let's go back to the rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Test - Waiting:
3. Reversal Candlestick Sign - Waiting;
4. Candlestick Sign of Confirmation;
5. Risk/Reward(1/3);
6. You must have good risk management to trade it, and any kind of instrument;

- Once you followed these rules now you can trade it.
Jony Sonjamba(JonyFxHunter)
Pips Hunters Forex
Comment:
That can become the second test of the PRZ pay attention,
that can give us another opportunity to get short here.
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