The beautiful Bat structure is being formed, over the retracement trend, if you take time to search for Historical repetitions of Harmonic patterns since the begin of August until today you will find a lot, here we have one more edge being formed and it may prove once again that the history in the market repeats no matter what!
And this pattern I can consider as a retest of the previous Bearish Gartley and following with the last Bearish Bat I posted here:
And once more the price can test this strong resistance line just a few points above the PRZ of the Pattern.
Rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - IWaiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3
And this pattern I can consider as a retest of the previous Bearish Gartley and following with the last Bearish Bat I posted here:
And once more the price can test this strong resistance line just a few points above the PRZ of the Pattern.
Rules:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting;
5. Type-1 Reaction - IWaiting;
6. Type-2 Reversal - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign -Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign -Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3