Hey Traders,
During today's Daily Market Session we entered a small position on a potential Bearish Bat Pattern formation on the S&P 500 securities. This was identified as more of an extended Bat according to the trade plan as the C-D leg has extended beyond the .886%. The potential pattern has formed in the region of a previous Resistance zone.
Entry was @ market within the current zone
Stop was placed above the X point
Good looking potential pattern @ this point in time!
Happy Trading!
MountianGuide.
During today's Daily Market Session we entered a small position on a potential Bearish Bat Pattern formation on the S&P 500 securities. This was identified as more of an extended Bat according to the trade plan as the C-D leg has extended beyond the .886%. The potential pattern has formed in the region of a previous Resistance zone.
Entry was @ market within the current zone
Stop was placed above the X point
Good looking potential pattern @ this point in time!
Happy Trading!
MountianGuide.