Trading1to100

MULTIPLE PATTERNS 240/60/15mins

FX:GBPUSD   British Pound / U.S. Dollar
Yesterday I had mentioned that there was a Bat Pattern that was in progress and there was also
an AB=CD in the making... when one looks at the various fib ratios and see a probable pattern
the expectation would be that it has to complete at the D point but it fails to get to D or exceeds the D point.
In this example as one can see there was a cypher that completed(blue), then it consolidated to 618 of the CD leg.

The CD leg would also be the start of another pattern BAT(yellow) where
CD of cypher becomes the XA of the next probable pattern(BAT), then the AB leg completes @ 50%*XA
and the BC LEG @ 618*AB, and now then in expectation of the CD leg to complete @ 886*XA or 113*XA( Alt Bat ).
However the CD leg does not get to 886/1.13 but reverses from 618, which is also an AB=CD ... is the bat still valid!!!

Now the AB=CD has morphed into another pattern cypher (red) and the D leg of this is currently at 786(red)
where it either breaks down and get to the 886/1.13 of the bat or break up above 12978-13030
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