We do also have Bearish Divergence on the monthly and some of the lower timeframes but the stucture looks the smoothest on the 2 week. We have Confimed the Bearish Dragon Breakdown and are working on confirming the 3 Falling Peaks Pattern if we Break Below $86.78
The waves in the c-d leg extended beyond 1.414 level after the alt.bat pattern completion. A short retest is going to happen then the Bulls shall target 0.382 & 0.618 levels.
Hello and a warm welcome to this analysis on BANKNIFTY Bank Nifty in its hourly time frame has activated a Bearish Alt Bat suggesting the possibility of a decline till 37250-37000 as long as it does not trade above 37425 spot levels,
We have a volume spike at the PCZ of a Bearish Alternate Bat pattern on the weekly and i will be looking to fade this move by buying the 17 DC 21 25 PUTS here.
On daily time frame it has made a Bullish Harmonic Alt Bat pattern suggesting a bounce back till 290-320. The pattern gets negated below 260
EURCAD BULLISH ALT BAT PATTERN Market Buy Order Set Up. Buy Entry: (1.53716) Min Take-Profit: (1.54208) Max Take-Profit: (1.54868) Stop-Loss: (1.52620) Max Risk-Reward: (1.05) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
CADCHF BEARISH ALT BAT, WAVE CORRECTION Market Sell Order Set Up. Sell Entry: (0.70171) Min Take-Profit: (0.69754) Max Take-Profit: (0.69489) Stop-Loss: (0.70581) Max Risk-Reward: (1.66) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURCAD BULLISH ALT BAT PATTERN Market Buy Order Set Up. Buy Entry: (1.53958) Min Take-Profit: (1.54682) Max Take-Profit: (1.55167) Stop-Loss: (1.53385) Max Risk-Reward: (2.11) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
NZDJPY BEARISH ALT BAT PATTERN Market Sell Order Set Up. Sell Entry: (75.350) Min Take-Profit: (74.694) Max Take-Profit: (74.294) Stop-Loss: (76.052) Max Risk-Reward: (1.50) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURAUD BEARISH ALT BAT PATTERN Market Sell Order Set Up. Sell Entry: (1.58156) Min Take-Profit: (1.57680) Max Take-Profit: (1.57326) Stop-Loss: (1.58698) Max Risk-Reward: (1.53) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
Pattern: Harmonic Alt Bat 1.13 EXT XA Fibonacci Sniper: 2.618 EXT 1.5556 Cycle Sniper Sell Signal Potential Bearish 123 Pattern M30 wait for the breakout of the support.
EURUSD 1H Alt Bat pattern Buy@ TP 1=1.17470 TP 2=1.17980 SL=1.16095 Buy Entry: Waiting price break the PRZ/Trendline
GBPJPY 1H Alt Bat pattern Buy@ TP 1=136.070 TP 2=136.680 SL=134.775 Buy Entry: Waiting price break the PRZ/Trendline
The Alternate Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2003. The pattern incorporates the 113% XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 38.2% retracement or less of the XA leg. The Alternate Bat utilizes a minimum 200% BC projection. In addition, the AB=CD...