B point was broke down and now we can enter short till bat pattern completion zone.
Currently expecting a pullback within a couple ADRs before resuming the Bat Action Magnet Move. Tracking this in parallel with CADJPY.
Hi, guys, this analysis is for those who want to hold the position for long-term this strategy's name is BAMM (bat action magnet move ) when we predict a bat pattern on the chart we should wait for B leg breakdown and then enter the trade, in this case, I predicted one nice bat pattern on weekly chart NZD/USD and as you can see B leg breaks down and now we can...
Bullish AB=CD BAMM opportunity is now shaping up on the Standard and Poor's 500 index on the 4h chart. This one to one measured move looks excellent, the AB=CD completion is beyond the ATH at 2877, this is complemented by the reciprocal ratio of 0.5 which is the 2.0 projection. I'm expecting price to break resistance @ B followed by an acceleration in price...
Risk/Reward close to 2, Pattern has hit. Valid Bat pattern: A = .382 -.5 B = .382 - .886 C = 1.618 - .886 D = .886 I learned to trade at sixfigurecapital.com
A great oppritunity for a buy in GBPNZD, We've got a valid Bat Pattern, which means we can BAMM it up from B point to D point. Measurements for our Bat A = .382 - .5 B = .382 - .886 C = 1.618 - 2.618 D = .886 We've got a great Risk/Reward of 1 risk to 3 reward - honestly, if you set the Stop Loss closer to B point, you could achieve an even higher ratio. I'm more...
Valid Bat A = .382 - .5 B = .382 - .886 C = 1.618 -2.618 X to D = .886 Check candlesticks , watch for price to break B to enter. Given above is true, price should continue through D, or reverse. Candlesticks will tell you how play the pattern. Risk Reward minimum = 2 Note: always draw it on your own chart to get exact measurements! Make sure you have...
We've got a valid Bat, that could shoot through B point starting the BAMM. (Measurements at bottom). Also a Gartley if it breaks up, and will be looking for reversal at D With these patterns especially the BAMM, it's really important to see it break the point, and close. I had previously posted a BAMM pattern that bounced at B but never broke B point - that's not...
GBPUSD is in a large uptrend since the beginning of 2017, and those are shown by the diagonal Support and Resistance lines in yellow. We also have a S/R around the ~1.309 point (which works great with D Point). As you can see, we just broke out of a cup and handle that created the a valid bat pattern with the measurements A = .382 - .5 B = .382 - .886 C = 1.618...
CADJPY has began to pivot around the neckline of a head and shoulders on the daily/weekly chart. Price found support at this level on the 4 hour chart, made a new low and is now retesting the previous los as resistance. Recent dips and rallies have been urgent and direct in recent weeks, however price dropping below the 4HR 200EMA at this neckline gives a sign...
Above we can see the trend line for a movement within bearish weekly channel on Silver. Price has hit the trend line and I expect will drop to our D point once support is broken during the trend. Adding confluence to this movement is the bearish bam theory- the harmonic movement will push price down should the daily candle break below this level! Risk is minimum...
Good morning, This week I am aiming to trade more on the 1 hour charts- mainly to fill in the time in between larger price fluctuations; I will be looking for movements that suit the larger time frame! On the 4 hr chart we have a long crab pattern but price still has some way to go until it meets the D point. Above you can see a short position on the 1 hour, that...
Hi Guys, Here we have a valid Bearish Bat on the EURJPY Four Hour. I think there will be a small pull back and then the BAMM position can be triggered. On completion of the Bearish Bat and price reaching 'X' point I will be taking a short position. Let me know of any questions or thoughts. Thank You Victoria
Some generic analysis and a possible trade set up for everybody to look at - Bat Action Magnet Method. This theory dictates that when price begins a potential C-D wave, a break of the resistance of the 38.2-50% retracement of the initial impulse wave, price will continue to rise until the previous high. The key level in this setup I believe is 1.477. A close...
SHORT Opportunity / Bearish BAMM currency pair: USD/JPY time frame: 1W
SHORT Opportunity / Bearish BAMM currency pair: USD/JPY time frame: 1W
Hi Guys, Here we have the GBPNZD on the Daily. Two potential trading opportunities with a huge amount of pips. 1st Opportunity: BAMM Trigger. Price is heading towards the 'D' Point for completion of a Bearish Bat. Respected an uptrend of 7 months and rejected 0.618 of last upswing. Providing price breaks the down trend showing, allowing for a short...
Well, August 1st is approaching and I'm putting forward one potential outcome following the changes to the bitcoin network. Today we have BTC/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618...