Hdfcbank hourly chart has bat pattern formation and prices did bounce from its prz area, hence if it holds these support levels, we might see prices going upwards in the near term towards 1500 levels.
The stock would be very bullish above 1500 levels.
The entire analysis would be negated below 1450 levels and would need analysis revision.
Back in February I posted a Short Setup who's target was the PCZ of this Weekly Bullish Bat. 4 months later we have finally reached our weekly target and now with some of the profits made from the short it's time to flip long.
For context on the original trade setup check the related Ideas section.
Guys, once again Bitcoin has given everybody the slip. The upwards momentum last evening at the open was not sustained and price proceeded to make a double flat pattern which I have labeled yet again (w)(x)(y). Current price action appears to be making another form of 3 wave pattern to the down side and possibly creating one of the two possible harmonic patterns...
An oldie but a goodie. the rare yet obvious plane pattern formation has formed. we have seen this with boeing but will it play out with bitcoin? we are feeling the turbulence and if we drop below 30k its time to buckle up for the landing. out trip has been cut short but opportunities arise. A great man once said "life is complete with the sun the land and poetry",...
A Type2 Bullish Bat might not intrigue many Harmonic Patterns Traders to engage the trade. The rationale is simple, a big percentage of the Harmonic Trader has exited the trade and not looking to enter a new trade, but you can treat it as a structure trade setup on this Bat Pattern too.
Take note that Point C touches Point A.
Technical Analysis - Will be watching PYPL closely for it to break out of this Symmetrical-triangle. Bullish bat harmonic pattern within the triangle and a double-bottom off of the uptrend line. Some key levels to watch, personally am bullish
**Not Financial Advice**
The good news for trend traders, EURUSD is on a bullish trend on all 3 timeframes. On the 1-hourly timeframe, I'm waiting for a Bullish Bat pattern confirmation for a buying opportunity. For this Bat Pattern setup, a candle confirmation is needed as Point C touches Point A.
My student has a different trade plan but same view on the setup and has took advantage of...
SNX, 4h, incredible signals coming from the double bullish engulfing candles on a rounding bottom formation with potential divergences playing out within a potential inv H&S. This piggybacks on a bearish BAT that would aim to resolve first at the neckline and later at overhead Fib Targets. Enjoy!