A bat pattern is near completion. Wait for all the levels to be tested. Execute only if priceaction shows the reversal.
Bình luận:
now the pattern is completed
Bình luận:
As price broke the support of 0.886XA next potential revesal zone is lower, at 1.13XA. The pattern evolves into an alternative bat.
Bình luận:
Now the alternative bat is complete as price tested all the levels of the Potential Reversal Zone. Wait for a reversal to start before execution.
Bình luận:
although, we have a number of indicision (small bodies) candles in the PRZ there is no reversal yet. Price should install an bull bar to demonstrate that reversal starts and another bull bar to confirm the reversal. The second bar has to have a higher high, higher low and a higher close. Ideally if the second bar closes above the first bar's high. Until we get this reversal+follow through no actions should be taken.
Giao dịch đang hoạt động:
now the revesal started.
Giao dịch được đóng thủ công:
A bear trend bar close below the primary trendline. Another bear bar confirms the breakout. It is obvious that the price is not moving to the upside as it was anticipated. That's why I close my position with a small loss.
