EURUSD 1H Alt Bat patternEURUSD 1H Alt Bat pattern
Buy@ TP 1=1.17470 TP 2=1.17980
SL=1.16095
Buy Entry: Waiting price break the PRZ/Trendline
Alternate Bat
GBPJPY 1H Alt Bat patternGBPJPY 1H Alt Bat pattern
Buy@ TP 1=136.070 TP 2=136.680
SL=134.775
Buy Entry: Waiting price break the PRZ/Trendline
Bullish Alternate Bat Pattern (15M)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 pattern within the Alternate Bat is always extended and usually requires a 161.8% AB=CD calculation.
I am publishing this idea late again due to the Hectic day on EU yesterday.
The Alternate bat like the Butterfly and Crab is a reversal pattern that should if not followed by a reversal pattern counter to its direction break above/below the pattern.
However in this instance I believe there to be a Bearish butterfly pattern being formed within the target levels of this pattern. I will attempt to publish this butterfly pattern prior to entry.
The confluence of factors, the Head and Shoulders (1H), the previous Butterfly (15m) should apply enough bearish pressure to stop the Alt Bat from reaching TP3 or even breaking above the pattern.
USDCHF - Bearish Bat/ Alternate BatHave not been active in the English portal of TV for awhile, I hope I still have some followers watching my analysis.
Today, I'm sharing about my view that the USD rebound will continue.
USDCHF is a good way to play the strength, with my eventual targets for the rebound to end either at the bat pattern around 0.94 or the bearish alt bat pattern around 0.9520-0.9530.
This likely means we haven't seen the last of the stock market correction with DXY looking to establish higher levels in the coming days.
Therefore my conclusion for this week is to short XXX/USD on rebound or to long usd/XXX on pullback to support.
Good luck and good trading my friends!
HDFCBANK - FORMED BULLISH HARMONIC PATTERN#HDFCBank - formed Alt Bat pattern on the hourly chart.
The Reason I am interested in this pattern is the price action near its PRZ i.e 1052-1046.
*Price Action - Notice Big bear candle with long lower shadow had huge volume, the big candles like this when do not see followup move often act as exhaustion candles, and in most cases prices either retrace some part of its previous move or may get reversed.
USD BAT Is Releasing From Triangular Cagethe detail is shown on the above Idea.
this Idea is in Continuation of my Confirmed Previous Idea.
USD Is on bullish way after Full-break Triangular cage
BTCUSD head and shoulder pattern with altbat formation I expect Bitcoin to correct downward for an upcoming buy opportunity. Buying area should be in the 7000 area. The area shown on the chart should be just a bounce back area. I will update when the price reaches it.
Bullish BAT Pattern Will Continue to Golden Level.the detail is shown on the above Idea. this Idea is in Continuation of my Confirmed Previous Idea.
As I Expected H@S Pattern is done and Gold Hits Seller Target Price ( 2008-2015)
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DXY - Bearish Alt BatThis rebound in DXY was predicted a week ago, when I highlighted a potential bullish shark completion around 96.50.(See related idea)
It went to 96.25 before rebounding yesterday.
Going into next week, I am expecting DXY to continue slightly higher to test 97.15 before it resumes its fall again.
At 97.15, it will complete an alt bat pattern.
Stocks should take a breather for now and might resume its upwards move next week after DXY completes this alt bat.
Good luck and good trading!
FCPO - Bullish Alt BatFCPO completed a bullish Alt Bat pattern in M30 TF. A potential trade in this retracement structure. The oscillator shows rebound from the oversold level as well, I would expect the price to test the stop level.
If the price respect the stop level and heading back into the potential reversal zone (Blue Box), a long for this trade.
Stop: 2299
PRZ : 2319 - 2350
TP1 : 2375
TP2 : 2413
A violation of the stop level whereby the price plunge below it and does not climb back into the PRZ, this trade is void.
NTES completed ALT BAT PatternPerfect and clean... look to sell against the completed D point which is confluence with a long-term fib 3.618 extension..
USDJPY - Alternate/113 Bat CompletionUSDJPY has completed an alternate bat pattern.
RSI has reached overbought status and I am looking for a retest of the zone for a short.
The best case scenario will be for the PRZ to be tested a second time, and we go short after it breaks the support trendline.
If it continues to fall from here, i shall pass on this trade.
NZDUSD, AUDUSD and AUDJPY setups are doing pretty well this week, did u guys trade them too?
Reliance - Near all times highReliance is near all times high, recent rally gets quite extended.
1600 would serve as good resistance in the short term.
Stock can be accumulated if we see any dip, support for stocks lies at 1445 - 1455.
ALT BAT - 4H Developing PRZ = 25128.3 - 25239I thought there will be a bat pattern similar to one in DAX, but it appears that ALT BAT is a more likely possibility based on confluence of fib levels. Time will show.
PRZ = 25128.3 - 25239
1.13XA = 25128.3
2.618BC = 25234.8
2.00ABC = 25239
Happy Trading!!!
GG
