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Bat

EURUSD... Bearish-BATWe have XABC, and almost D. Lets set a limit order. SL: 15 pips. TP: 15, 30, 45, 60 pips. What is the Bat harmonic pattern? The pattern is a 5-point retracement structure that was discovered in 2001 by Scott Carney. It has particular Fibonacci measurements for every point within its structure. It is necessary to note that D is not a point, but rather a zone in which price is probably going to reverse. This zone is known as the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg has to be lower than a 0.618, preferably a 0.50 or 0.382. The PRZ is made up of 3 converging harmonic levels: 0.886 retracement of the primary XA leg Extended AB=CD chart pattern, mostly 1.27 AB=CD Minimum BC projection is 1.618 Info by patternswizard Wait until 2 hours. Then, if it reaches the price, wait another 5 hours for closing. See you soon. JB.-
Short
by JBPip
Sideways Market Opportunity!🌟 Weekly Chart: - Consolidation since March 2022. - Patient trading can earn you 609 pips. - Ideal for traders looking for longer-term gains. 📊 Daily Chart: - Consolidation within the zone. - Trading within this zone brings 104 pips. - Great potential for 1-2 weeks of trading. 💡 Trading Opportunities: - Weekly chart: Bearish shark pattern in play. - Daily chart: Bearish crab pattern and more. - Four-hour chart: Butterfly pattern and gartley pattern. 💰 Profit Potential: - Weekly chart: First target 397 pips (~$3,970 USD). - Daily chart: Running profits of 158 pips (~$1,580 USD). ⚠️ Trading Strategy: - Set alerts on lower prices for early decisions. - Wait for confirmation, like double tops with RSI divergence.
by RaynLim
US Dollar Still Bullish📊 Weekly Chart: Bearish bat pattern suggests shorting at 149.33. 📈 Daily Chart: Bullish movement, no shorting opportunity. 📉 Four Hour Chart: ABCD pattern at 147.76, potential shorting level. 🕐 One Hour Chart: Bullish bat pattern with running profits. 🌟 Weekly Chart Insight: - Bearish bat pattern for potential shorting. - Waiting for confirmation at higher levels. 📊 Daily Chart: - Bearish crab pattern at 150.41. - Focus on 144.79 for buying opportunity. 💡 Trading Opportunities: - Potential short at 149.33. - Buy on retest of 144.79. 📉 Four Hour Chart: - Shorting opportunity at 147.76. - Consider retest at 144.62 for shorting. 🦇 One Hour Chart: - Running profits from bullish bat pattern. - Wait for the violation of 146.29 for resistance confirmation.
Long
by RaynLim
Market Stands Firm on Support!📊 Weekly Chart: Long shadow at support, prior resistance. 📈 Daily Chart: ABCD pattern, respecting support. 🕓 Four Hour Chart: Counter-trend trade possibility. ⏳ One Hour Chart: Bullish bat pattern, wait for confirmation. 🌟 Weekly Chart Insight: - Market stands still in buy zone. - Different from Eurodollar. 📊 Daily Chart: - ABCD pattern, support respected. - Previous trade resulted in 219 pips gain. 💡 Trading Opportunities: - Confirmation of support for a buy. - Counter-trend trade in the sell zone. 🦇 One Hour Chart: - Bullish bat pattern. - Wait for consolidation or double bottom. - Use RSI Divergence for confirmation.
Long
by RaynLim
Macro Bullish BAT, SHARK, and Deep CrabAn extreme speculation outlook on where support may come in for BTC. BAT, SHARK, and Deep Crab all lining up at the 88.6 of the macro fib. The C point is purely up in the air where that could end up, but this must pump up to make a lower high at C to come all the way back to 21k for the full completion to D. Multiple patterns are lining up with this price target. Not to mention a higher low to be put in. From there, this could even go lower, creating another Deep Crab at 12k for the Full .886 of the bull run Shark.
COINBASE:BTCUSDLong
by Jetki
Powerledger (POWR) formed bullish BAT for upto 30.50% pumpHi friends, hope you are well and welcome to the new trade setup of Powerledger (POWR) with US BTC pair. Previously the priceline of POWR moved slightly down than buying zone, however, recovered soon and pumped more than 35% as below: Now on a daily time frame, KMD has formed a bullish BAT move for the next pump. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
BATT an ETF for Lithium / Battery Technology LONGBATT here is on a daily chart with a demand /support zone and resistance. supply zone both drawn in along with a long-term volume profile showing the POC line at the top of the latter zone. A triple Bollinger Band is overlaid showing price currently two standard deviations below the mean VWAP which is more or less horizontal with little slope The ZL MACD lines crossed one week ago and are upgoing about the same time as the 3H RS line bottomed and reversed while the longer TF 7D RS line stays horizontal just below the 50 level. Overall, I see that the BATT price will rise targeting the supply zone above which is about 15% upside or more. I will take a long trade here with the first target the midline of the Bollinger Bands and the second target the flat top of July 12 through 30, a strong resistance level. This is a safe trade while the general market gets figured out. This is akin to selling picks and axes at the Gold Rush of 1849.
AMEX:BATTLong
by AwesomeAvani
2
Trading Opp. Amid Sideways WavesTrading can be exhilarating when setups let you seize chances without wrestling with the broader trend. 🚀 Let's talk New Zealand Yen – a treasure trove of potential this week, regardless of the overarching movement. Gaze upon the weekly chart, and you'll spot the bearish shark pattern, already in motion since 88.24. Kudos if you've joined the ride! I'd ride it to the first target at 84.36, where the 5-0 pattern gifts a buying prospect. Our watchword: Will the market cradle within the blue box? Turning to the daily chart, a bullish bat pattern wraps up at 84.25. And if you had the insight to short on the bearish crab pattern, cheers! Your pockets are now heavier by 212 pips, a cool 2,120 USD. Strolling through the four-hour chart, a gartley pattern is ripe for the picking at 85.56 – a splendid buying occasion. If your sights are set on shorting, that 86.73 resistance line beckons. Zoom into the one-hour chart, and another gartley at 85.92 awaits, accompanied by a bearish shark at 86.82. 🦈📊 But wait, there's more – the 15-minute chart boasts a deep gartley at 86.20. So many opportunities, all within a single currency! A sign that sideways markets birth harmonic patterns, right? But remember, clarity in strategy is key. Decide if you're hitting that first target and running, or holding on for the second despite opposing patterns. And here's the golden rule: either chart your trade in advance or find a mentor deeply immersed in the trading fray.
Long
by RaynLim
Unraveling Dollar Yen's Trading MazeHey there, traders! 🌟 Let's delve into the tricky landscape of dollar yen – a setup that demands our attention. The overarching trend suggests a bullish journey, but buckle up, because there are twists ahead. 📈 News flashes about the potential Bank of Japan (BOJ) intervention and the recent wastewater stir have stirred the pot. 🌊⚖️ For the conservative trader, a week of observation might be prudent. But for those risk-savvy, why not seize the day? When big news lurks, colossal movement follows, and with the right risk management, why not chase those opportunities? 💼💰 Gazing at the weekly chart, we spot a retest at the previous high – a pivotal zone for the week. The tantalizing prospect of a break and close above this high tantalizes for a continued rally. But guess what? Immediate resistance lurks nearby. 🛑📊 In the grand scheme, to sustain a bullish trajectory, the magic number is 152.02 on the weekly chart. 🚀 Shifting to daily charts, the high gets retested with a sly RSI divergence – a whisper of counter trend play, perhaps? Now, for the four-hour setup, a familiar pattern – retest, RSI divergence – all hinting at an intriguing possibility. And guess what? The one-hour chart mirrors this with its own RSI divergence dance. 🎭📉 For the curious minds eager to learn trading nuances. Now, let's revisit our trusty weekly chart and unfurl our analysis on Dollar Yen. A bearish bat pattern beckons a shorting venture at 149.40. Daily chart enthusiasts, the confirmation for crab pattern enthusiasts swings by at 150.45. Are you eyeing a buy? Retest the immediate support at 144.65 for a potential entrance. Zooming into the four-hour chart, ABCD pattern aficionados can keep an eye on 147.79 for counter trading maneuvers. Buying prospects? 144.62 or 144.02 could be your calling. Remember, when the market respects these levels and avoids sinking further, it signals the support's sturdy stance. 🏗️ And oh, the sweet RSI divergence on the one-hour chart – a touch of icing on our trading cake. Once 146.55 gets a respectful tap, I'll be diving into an aggressive counter trade. 🚀
Short
by RaynLim
6
Bank of America is Shaping Up to Be Just Like PacWestWhen comparing the price action between BAC and PACW, it can be seen that both stocks exhibit the same price action, which is a Rising and Broadening Structure leading into the PCZ of a Bearish Alt-Bat, which all eventually came to a halt upon getting Bearish PPO Confirmation. This led to a breaking of the 21-Month SMA before ultimately flushing down to all-time lows after months of treating the 21-Month SMA levels as resistance. The same price action can be seen on Bank of America; it is just 1 step behind PACW at this point in time, which is the flipping of the 21-SMA into resistance. The next step would be for it to crash below the 2009 lows.
NYSE:BACShort
by RizeSenpai
A Twist in the Bullish Trend?Despite the prevailing bullish movement on Dollar Yen, a shift in strategy beckons this week. Embark on this journey with me. On the weekly chart, a slight break and closure above the prior high is evident. The magnitude of this "bit" rests upon your filters – will the subtle breach be overlooked? An RSI divergence, however, raises concern. This divergence surfaces as the market forms a matching or higher high, prompting my consideration for a shorting prospect. ⚖️📊 Transitioning to the daily chart, the market once again surges beyond the previous high. While it fails to breach the previous RSI level, the prolonged nature of this movement merits contemplation. Could these statistics indicate a formidable resistance? Food for thought. 🗞️🤔 The four-hour chart illustrates the market's ascent, setting the stage for a potential shorting opportunity upon a retest at 146.40. Zooming in further to the one-hour chart, a structural standpoint reveals potential trading setups. Amidst this, the buzz about the Bank of Japan's potential market intervention simmers. As a prudent trader, I advise cautiousness, keenly observing the hard facts and policy shifts that could impact the Japanese Yen's trajectory and consequently, Dollar Yen. 🏦🌐 For enthusiasts interested in mastering the art of news-driven trading, scan the QR code to enter our community chat. Verification unlocks access to our filtered news, arming you with valuable insights. 💼🌍 Returning to the weekly chart, trading strategies come into play. A bearish bat pattern at 149.29 piques my interest, a setup I've been highlighting for weeks. The daily chart offers parallel setups, including the aforementioned bearish bat pattern and a bearish crab pattern that could emerge around 150.44. The latter's fate rests upon the strength of the Bank of Japan's intervention and policies. 🦀📈 Within the four-hour chart lies a counter-trend opportunity at 147.76, rooted in the ABCD pattern setup. For trend-oriented traders, a potential buying entry hovers at 144.02 upon retest, drawing support from established levels. However, my focal point remains the one-hour chart, spotlighting a potential shorting opportunity through the shark pattern. Should the market reach 146.30, I envision an enticing entry. As the specter of Bank of Japan intervention looms, my exit strategy might involve one week post-intervention for potential profits, grounded in years of market observation and trading experience. ⏰📈
Short
by RaynLim
Strong Bullish WaveEyes on the pound dollar chart reveal a resolute bullish trend. If contemplating a shorting opportunity, meticulous strategy testing and conservative stop-loss management are paramount. 🛑💼 Turning to the weekly chart, a pullback effortlessly rests on prior resistance, indicating the enduring strength of the overarching bullish trend. Daily chart support stands steadfast, with potential traders wary of a head and shoulder formation at 1.2831. However, personal experience dismisses this due to the prevailing robust momentum and familiarity with the pattern after 18 years of trading. 📊 Glancing at the four-hour chart, a consolidative phase presents several trading prospects, soon to be unveiled. On the hourly chart, further confirmation emerges within the consolidation phase, unveiling ample trading opportunities. 🕒 Returning to the weekly chart, analysis and strategies take center stage. Within the buy zone, prospects for buying opportunities flourish. Daily chart showcases a bullish gartley pattern on retest, inviting trading action. The four-hour chart displays a gartley pattern with a retest setup, accompanied by a prolonged consolidation period spanning 68 bars. This scenario prompts a choice between swift engagement or risk-reward patience. ⏳💰 For those aiming for counter-trend maneuvers, a shorting chance beckons at 1.2955 via a bearish shark pattern. Alternatively, a bullish bat pattern on the hourly chart, yet to solidify, offers a preferable entry at 1.2636. Trading transcends mere trend analysis, requiring timeframes, filters, and entry conditions for success. The ultimate goal is profit without undue trade extension.
Long
by RaynLim
Riding the Bullish WaveAmidst the whirlwind of events, the Euro-Dollar chart stands strong with a bullish trajectory. 📈 The weekly chart showcases a series of resolute highs, fortified by untested supports, painting an appealing canvas for potential buying opportunities. 🎨 Zooming into the daily chart, a pivotal support at 1.0834 shelters the bullish sentiment. A breach here could cast shadows on the prevailing optimism. However, the four-hour and one-hour charts echo a touch of bearish undertones, contrasting with the larger bullish narrative. 📉🕒 Within this landscape, the spotlight is on a possible buying chance, defying the bearish signals of the lower timeframes. Back on the weekly chart, attention focuses on 1.1232 as a battlefield for counter-trend short positions. Conversely, trend traders set their sights on 1.0698, a fortress for ultimate pullback aspirations. On the daily chart, anchored on support, a magic candle confirmation beckons before diving into trades. 🛡️🕯️ Shifting gears to the four-hour chart, a bullish bat pattern is poised, brimming with confirmation yet diving deeper. Patient traders await a trend line breach and RSI divergence as signs for opportune action. 🦇📊 The one-hour chart reveals a potential shorting scenario through a bearish shark pattern. The saga unfolds from point C, advocating patience for the sell zone breach, a signal for bearish entry. 🦈
Long
by RaynLim