Here we have two PRZs for this BAT PATTERN.
The bottom PRZ with a AB = CD and a BC projection of 200% looks better than the top PRZ, but both are valid and we will carefully watch the price action for any sign of reversal
We don't open a short trade as soon as the PRZ is reached anymore.
The PRZ (Potential Reversal Zone) is an area where price is likely to reverse given the confluence of several Fibonacci levels. Before we open a trade, we have to analyse the price action in the PRZ. Ideally, all the three lines of the PRZ should ...