Harmonics Live testing, currently learning harmonics, friend gave me a shout to check out this pair and I saw a BAT Pattern forming. Won't be trading this setup as I don't focus on indexes at the moment, but let's see how it plays around the PRZ. The target is for it to reverse around that level, preferably the 88.6. Time will tell.
Commento:
On the 29th of March, price came really close to touching the 88.6, however, it reversed slowly away from it. Now others may have used that an placed an entry, me personally I want price to trigger that exact point because I want to increase my accuracy on D points of harmonics. We also have an accumulation phase which you could have used the D point as take profit due to the nature of the Bat pattern.
Trade chiuso: obiettivo raggiunto:
D point hit, really great, and you get to see the nature of the Bat pattern. All about the patience with some pairs, some points won't hit straight away.