BAT PATTERN opportunity to sell
BAT PATTERN (DICRETIONARY)-allows a little more leeniance with the shape of the pattern
XA D point retracement must have 0.886 in the potential reversal zone
B point retracement can be either 0.382 or 0.50
C point retracement 0.382 to 0.886
B to C projection minimum 1.618 ideally 1.618 or 2.0 but can be 2.24 or 2.618
AB=CD ideally 1.27(most common) but can be 1.00 or 1.618 (drawn using fib extention tool from A to B to C)
number should converge close togeather to create a potential reversal zone area
TARGET not drawn on
Fib retracement from extreme points of the pattern and the first target can be either 0.382 or 0.50 or any other fib retracement ideally you want a shorter one to catch a quick profict out the market like 0.382
then set the second take profit at either 0.618 or 0.786 or another thats at your discretion
LOOK TO BUY AROUND THE BLUE BOX POTENTIAL REVERSAL ZONE
XA D point retracement must have 0.886 in the potential reversal zone
B point retracement can be either 0.382 or 0.50
C point retracement 0.382 to 0.886
B to C projection minimum 1.618 ideally 1.618 or 2.0 but can be 2.24 or 2.618
AB=CD ideally 1.27(most common) but can be 1.00 or 1.618 (drawn using fib extention tool from A to B to C)
number should converge close togeather to create a potential reversal zone area
TARGET not drawn on
Fib retracement from extreme points of the pattern and the first target can be either 0.382 or 0.50 or any other fib retracement ideally you want a shorter one to catch a quick profict out the market like 0.382
then set the second take profit at either 0.618 or 0.786 or another thats at your discretion
LOOK TO BUY AROUND THE BLUE BOX POTENTIAL REVERSAL ZONE
Note
''look to sell even''
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