Lewis Glasgow
SixFigureCapital Representative
- Messages
- 64
Harmonic Trading (11 July 2018)
AUD/NZD: Bullish Bat
Traders, today we have AUD/NZD on the 15m chart with a valid 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 - 2.618
XA Retracement: 0.886
Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio.
Once the final 0.886 measurement has been confirmed we need to analyse price action in this zone to determine the extent of the reversal.
I'd just like to say that I encourage discussion on this thread, if you have anything to add to the analysis I share then leave a comment below.
Click here to view my original analysis on TradingView.
AUD/NZD: Bullish Bat
Traders, today we have AUD/NZD on the 15m chart with a valid 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 - 2.618
XA Retracement: 0.886
Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio.
Once the final 0.886 measurement has been confirmed we need to analyse price action in this zone to determine the extent of the reversal.
I'd just like to say that I encourage discussion on this thread, if you have anything to add to the analysis I share then leave a comment below.
Click here to view my original analysis on TradingView.