RadioForex

WTI Bearish Bat H1

Penjualan
TVC:USOIL   CFD pada Minyak Mentah WTI
Sell @ 52.47
T/P 50.51
S/L 54



The Bat
The bat pattern is similar to Gartley in appearance, but not in measurement.
Let's look at the bullish example. There is a rise via XA. B retraces 0.382 to 0.5 of XA. BC retraces 0.382 to 0.886 of AB. CD is a 1.618 to 2.618 extension of AB. D is at a 0.886 retracement of XA. D is the area to look for a long, although wait for the price to start rising before doing so. A stop loss can be placed not far below.

For the bearish pattern, look to short near D, with a stop loss not far above.



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