GOLD 240 Three Pattern trades


As you can see in the chart we have a nearly completed bat pattern (orange) and are currently waiting for a retrace to D for our entry. My expectation is that its profit target(B) should be forming the second pattern, namely the head and shoulder pattern.

Normally you would wait for the break of the neckline but the probability here is high enough in my oppinion to open the trade at B of our orange bat. Which even if it fails will still leave you in profit thanks to your winning trade(if both trades risk the same percentage). If it succeeds you have enjoyed a healthy risk - reward ratio trade.

If everything still goes according to plan we will be on our way to the highest probability trade, namely the blue bat pattern . The one thing that gave me the courage to post this is the intersection of the pitchforks trendline . Everything here seems to go hand in hand, these three patterns are all in "harmony".

Note that the trendline at 1182xx could be hit due to head and shoulders wanting to complete there.

I would love to hear your thoughts, additions, corrections or any other feedback!

Cheers :)
There is another possible cypher pattern you might want to keep on watch.
@elkuko21, Hi there and thanks for the chart, I will keep a look at this. I personally don't trade the cypher but plan to start some testing. Have a great day !;)
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden