UJ Alternate Bearish Bat Pattern

21 thg 1, 2018

This pattern is playing out nicely thus far. I plan on trading the C to D based off of the hit at the 78.6 fib retracement. It has also broken the trend line, retested and the last candle has broken bullish. I plan on waiting to enter because it is approaching a quarter point but based off of those two confirmations, the fact that the D point is right by a long term trend line and a quarter point, I expect this pattern to play itself out.