Hey all,
Been a little quiet in the markets lately for me with my patterns - but as long as were not forcing trades that's completely fine. Seen a potential Bat pattern here on NZDUSD that's still a while from completing, however I always like to draw them on early so I can easily see them later.
I will become a lot more interested if the green dotted line becomes broken (the lowest point of the B leg) which signals a break of structure downwards. This means the pattern is much more likely to complete based on my experience.
Will be paying attention to it for the rest of this week.
Fibsii
Been a little quiet in the markets lately for me with my patterns - but as long as were not forcing trades that's completely fine. Seen a potential Bat pattern here on NZDUSD that's still a while from completing, however I always like to draw them on early so I can easily see them later.
I will become a lot more interested if the green dotted line becomes broken (the lowest point of the B leg) which signals a break of structure downwards. This means the pattern is much more likely to complete based on my experience.
Will be paying attention to it for the rest of this week.
Fibsii
Comment:
Price seems to have bounced right off the green line we had drawn in. Will still be looking for a break below it before the C leg point gets broken for a valid Bat.