Stop hunting 101
Bat Pattern
Strong weekly resistance right below the 38.2. Be weary.
Completion at the trend line.
Completing at trendline. ABCD confluence.
Missing that ABCD I like to see, but nice confluence of trend line and overall trend.
With the trend. Trendline confluence
Bearish Bat
Confluence of structure.
Coming in at confluence of 618 and 386 of bigger move. AB=CD at 2.00 extension. With the trend.
Trendline confluence. Overall trend is bearish. Good looking setup.
AB=CD completing at a structure level. Confluence of 50% retracement of bigger move.
Bullish bat
Tight stop on this one as it is counter-trend but I like the setup. 61.8 to 1.618 at a structure level.
Perfect gartley completed with structure confluence. Nice AB=CD on the tail end.
Bearish gartley completing
