Gold short
Should Gold drop further in the long run, we might see a Bullish Bat pattern forming.
However, it is highly unlikely for gold to drop below 1600.
For now we scalping the market. (Not long term trades)
This is for educational purpose: The Harmonic Pattern Bat is made up of 5 swing points, X,A, B, C and D and come in Bullish and Bearish bat variations. The Harmonic Bat pattern has the following characteristics which can be used to identify the Bat pattern. AB leg can retrace between 38.2% – 50% of XA leg BC leg can retrace between 38.2% – 88.6% of AB leg
However, it is highly unlikely for gold to drop below 1600.
For now we scalping the market. (Not long term trades)
This is for educational purpose: The Harmonic Pattern Bat is made up of 5 swing points, X,A, B, C and D and come in Bullish and Bearish bat variations. The Harmonic Bat pattern has the following characteristics which can be used to identify the Bat pattern. AB leg can retrace between 38.2% – 50% of XA leg BC leg can retrace between 38.2% – 88.6% of AB leg
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