This is an example of Channel Up and M Pattern (Bullish Bat).
Found that M Pattern (Bullish Bat) within Channel Up.
Pattern already touches PRZ (orange) and completed TP1 and TP2 (lime).
Indicator used :
1. Regression Channel Alternative MTF
2. HH-LL ZZ
3. XABCD Harmonic Pattern Custom Range Interactive
Hello everyone, in this post, I tried to show you the concept of "M" and "W" Patterns shortly and simply. I hope this article is useful for you and wish you all the best.
W pattern is directly opposite of the M pattern as you could probably assume
Using GNOUSD as an example we can see the W breaking out and completing its formation
In doing this it seemingly forms what I would call a 'Handle' for the pattern
Observing this allows the comparison between the two patterns (W and Cup and Handle)
Also the observation of a clear cut...
