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MikulovicFOREX
Dec 4, 2019 4:06 PM

Gold developing harmonic bearish bat Long

Gold/U.S. DollarFXCM

Description

Harmonic bearish bat currently forming on 4h timeframe.

I published this last night:



It shows how we started to reverse after hitting the minimum profit target of the deep crab harmonic pattern that formed on the daily timeframe.
Once we see the break of the channel I was expecting price to move further to the upside.

Now I went down to the 4 hour charts to come up with a decent entry point for this trade, only to spot the potential bat...

The momentum is very strong, and im expecting this pattern to complete just below 1508$

I want to thank you all for the support and especially those of you who has been following me since the beginning and those of you who keep supporting my charts.

Thank you so much

Please give the chart a like as a sign of your support and leave a comment in the section below.

God bless and happy trading
Comments
cozzamara
I like your idea. Nice work and thanks for sharing. Hope you don't mind me sharing my view which would support forthcoming formation of D if handle completed and once 200SMA 4H is breached. :)
MikulovicFOREX
@cozzamara, appreciate your comment mate, thank you very much. Feel free to use this chart as a roadmap. God bless
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