For those who had spotted this earlier, you might have went long on where I have indicated, where RSI had just left the oversold level. It is a good entry as rules for harmonic trading were followed. Price has been hovering at PRZ for about 2 days, however, I see that RSI is slowly showing strength again. I will look to long next week. Not very ideal R:R at about ...
This bearish bat pattern has already completed with all criteria met. Price closed inside PRZ RSI at overbought level However, RSI has not shown a good signal for me to enter yet. I will like RSI to at least drop down to 70 and below before considering a short. Once again, SL for daily chart is bigger, do adjust lot size before entering an order.
I spotted 2 shark patterns to trade next week. Best case scenario : Green shark pattern completes, we short till D-leg of blue shark pattern. Blue shark pattern completes, we long. The green shark pattern seems to be completing faster, I will zoom in using H1 chart to provide more details under my comments.
A very nice bat pattern might be completing in a few hours PRZ at H1 resistance zone RSI is about to reach overbought level R:R at 1 (TP1) and 1.7 (TP2) I might not be able to trade this pattern due to timezone difference. For those who are awake, an idea for you to check out. Short term trade, do monitor trade closely.