This is a break out formation with very good decline percentage, You can sell aggressive the break or you can wait for the pullback (63% chance for a pullback)
Target is the bottom of the trendline
Target is the bottom of the trendline
Note
The same setup earlier in the month. The profit was 670 pips!!
Note
Bearish BAT pattern just formed
Note
Both targets for BAT pattern have been reached.Note
Until now we have 150 pips form the first target of the Pumb & Run reversal Top formation, and another 42 and 69 pips from the bearish BAT pattern.
There is a potential Bearish Gartley pattern at the previous structure
Trade closed: target reached
+200 pips from the second target of Pumb & Run reversal top sell setup
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.