This idea started with a discussion with MrTD
Interesting to see that price is back up near the top channel line again.
At the very least this is extremely low risk as any price action
above the invalidation line negates this analysis.
The Bat Pattern has been activated but, I'm looking for one more
little high about 1.0110/15 to complete a 5 wave C, so , it's
possible I might miss this trade altogether.
Wave 2 in Elliott Wave is allowed to retrace 100% of wave 1
but, you don't actually see it done very often.
Interesting to see that price is back up near the top channel line again.
At the very least this is extremely low risk as any price action
above the invalidation line negates this analysis.
The Bat Pattern has been activated but, I'm looking for one more
little high about 1.0110/15 to complete a 5 wave C, so , it's
possible I might miss this trade altogether.
Wave 2 in Elliott Wave is allowed to retrace 100% of wave 1
but, you don't actually see it done very often.
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Related publications
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.