Trend Traders might want to take note of this bearish bat shorting opportunity that completes at 0.7068 for a trend-trading opportunity.
The bearish bat pattern is formed within the sell zone of the current timeframe and within the bearish channel of the bat pattern.
A Bearish Deep Crab pattern has touched the D-Point completion at 132.45. Counter Trend traders can consider engaging in the trade.
Conservative traders can wait for
1) Further consolidation and make sure it didn't break and close above 132.77 for a shorting opportunity.
2) Wait for consolidation to happen at 133.60 for a shorting opportunity as a second chance...
After a great move to the upside, supported by the 2 hour 8 EMA - Watching for Opex fireworks (or just a Friday Fizzle). The Bar Bat is still in play for next week, with further weekly room to the upside.
Now in this chart i see Bearish BAT Pattern or Double bottom pattern .
and i spect the price reach this target in 9 mount.
Don't forget Investment management .
Gold could be due for a years long correction down to A level at $1052 as that is the target of this Bearish Alt-Bat given the circumstances i wont be looking for any bullish setups on gold in the long-mid term only bearish ones.
This probably isn't a good sign for extended commodities either, the only commodities i will look for signs of bullishness in are...
A Bearish Bat Pattern pose as a counter-trend trade on the 1-hourly chart gives trader to short against the weak Ascending Triangle on the 4-hourly timeframe.
Depending on how fast the retracement move is going to happen, the Target2 maybe just seated on the retest of the trendline of the Ascending Triangle on the higher timeframe.
Bearish Bat Pattern on AUDUSD will set this pair into a counter-trend trade.
Having the candle bash through and close above point D, I will need to see a pin-bar or known as a long shadow before engaging the trade.
Keeping this pattern on the back burner in case options expiry day is met with 'unexpected' sell pressure. My bias is looking up with the recent run and the 10 year retracing to the downside.
GBPUSD - Potential bat pattern forming, I caught a nice-short today from the break of the EQL highs, now this level is broken ill be aiming for the next OB to scalp and then looking for price to hit the D point and see how it reacts!
Whats your thoughts?
Looks like FCEL is trying to fill the gap. LOOKS very weak. Hopefully soon il be bullish on it.
But for now I am still bearish.
PT should be near $5.75.LOOKS LIKE IT IS TRYING TO FILL THE GAP AND AGAIN DON'T WAIT FOR 5.75. BUT DON'T RISK AFTER 5.75.JUST GET OUT OF IT
Gold broke structure to the downside, now we have a potential bat forming with the D point landing in an order block and covering off some imbalance, I'm going to wait until price reaches this zone
BTC has been drawing lower highs and lower lows for the past few days suggesting the presence of a bear market. Furthermore, the coin appears to be drawing a large bearish bat pattern. The RSI is also largely overbought.
In my opinion, the coin has just pumped to take out stop-loss from short traders.
I expect a continuation from the downward weekly momentum and...
When looking at Bitcoin in the 1H timeframe we have formed a couple of bearish divergences (1 Hidden 1 Regular). We have also formed a bearish bat gartley pattern. We are also coming upon quite heavy resistance (44.5K). Taking all of which into consideration, it seems Bitcoin will struggle to move above this current price range. If it does reach 44.5K I think that...
A Bearish Bat setup within sell zone within both the M15 chart and 1-hourly chart.
As this is a trend trading setup, it gives the minimum stop-loss and maximum return.
This might just be the best trading setup up for the month.
Price found shallow support at the break .236, forming a flag. Supported by the 2 hour 8 EMA. The Bat Harmonic proved true. This pattern forms the classic bull trap as the Higher Low is the pivot for the second leg of Bat Wing.
It is not something new that you have a bullish setup on the USDCAD chart and a bearish setup on the CADJPY chart. This meant 1 thing, the Canadian Dollar, CAD, is on the move.
If both setups is valid, I will engage both and not cherry picking.
Any idea why I'll do that?
Comment down below
If you like to check the USDCAD chart, the link is at the bottom.
Potential Bearish Harmonic Bat Pattern, along with Wyckoff redistribution on DXY. I see one last push but it most likely will be short lived. Time to start recalculating blue chip stocks, Bitcoin (cryptos), Gold, Silver and hodl. It may be a hell of ride. Time will tell
