The Alternate Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2003. The pattern incorporates the 113% XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 38.2% retracement or less of the XA leg. The Alternate Bat utilizes a minimum 200% BC projection. In addition, the AB=CD...
Have not been active in the English portal of TV for awhile, I hope I still have some followers watching my analysis.
Today, I'm sharing about my view that the USD rebound will continue.
USDCHF is a good way to play the strength, with my eventual targets for the rebound to end either at the bat pattern around 0.94 or the bearish alt bat pattern around...
#HDFCBank - formed Alt Bat pattern on the hourly chart.
The Reason I am interested in this pattern is the price action near its PRZ i.e 1052-1046.
*Price Action - Notice Big bear candle with long lower shadow had huge volume, the big candles like this when do not see followup move often act as exhaustion candles, and in most cases prices either retrace some...
I expect Bitcoin to correct downward for an upcoming buy opportunity. Buying area should be in the 7000 area. The area shown on the chart should be just a bounce back area. I will update when the price reaches it.
the detail is shown on the above Idea. this Idea is in Continuation of my Confirmed Previous Idea.
As I Expected H@S Pattern is done and Gold Hits Seller Target Price ( 2008-2015)
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This rebound in DXY was predicted a week ago, when I highlighted a potential bullish shark completion around 96.50.(See related idea)
It went to 96.25 before rebounding yesterday.
Going into next week, I am expecting DXY to continue slightly higher to test 97.15 before it resumes its fall again.
At 97.15, it will complete an alt bat pattern.
FCPO completed a bullish Alt Bat pattern in M30 TF. A potential trade in this retracement structure. The oscillator shows rebound from the oversold level as well, I would expect the price to test the stop level.
If the price respect the stop level and heading back into the potential reversal zone (Blue Box), a long for this trade.
PRZ : 2319 -...