1D "Perfect" Bat Pattern @ Support

6 de nov. de 2020

Potential "Perfect" Bat Harmonic Pattern:
- Projected to complete slightly above support
- When I use the term "Perfect", I'm referring to the following conditions:
- B Point @ Initial 0.5 XA Retracement
- 2.0 BC Extension as part of Tight PRZ Confluence
- 1.27 AB=CD Completing as part of Tight PRZ Confluence

Market Structure:
- Support defined by a price action range that began in early June
- Further Past Support established in Jan and Feb
- 1D Candles

Entry Requirements:
- Beyond 0.382 Time Projection Minimum
- Long opportunity: reward/risk roughly = 1.18 > 1.0 (Including spread on entry, take profit, & stop loss)

Entry:
- Potential Reversal Zone (PRZ):
- Beautiful PRZ Confluence (<5% of Length from X to A)
- 1.27 AB=CD
- 2.0 BC Ext.
- 0.886 XA Ret.
- 2.0 BC Ext & 1.27 AB=CD Completion Within Roughly 10 Pips of Each Other

Couple Comments:
- I'm sticking to my rules & ignoring fundamentals. I don't enjoy holding positions over the weekend under normal
conditions.... so let's throw in an extremely volatile & close presidential election, why not?
- IF YOU TRADE HARMONICS, READ THE ORIGINAL BOOK BY CARNEY. ALMOST ALL INTERNET EXPLANATIONS ARE
INCOMPLETE