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Altbatpattern

German DAX – Bearish Alt-Bat Pattern in Play?FX:GER30 The German DAX remains technically trapped in a defined range, with resistance now under pressure at €23,960 and intraday support printed at €23,358 . Notably, the index continues to reject the idea of reclaiming the weekly fractal resistance from March, forged at €23,478 . The index is forming a bearish at-bat pattern , with a PRZ projected at €24,075 , corresponding to the 113% Fibonacci extension of the prior XA leg. This extension presents a technically significant reversal point and warrants close observation for price exhaustion. 📉 Bearish Scenario: We could see a corrective leg targeting the 38.2% Fibonacci retracement at €22,085, which also aligns with prior structural lows. The daily fractal support at €22,306 becomes a critical interim level to watch during this potential pullback. 🔍 Key Levels: Resistance: €23,960 / €24,075 (alt-Bat PRZ) Intraday Support: €23,358 Weekly Fractal Resistance (broken): €23,478 Daily Fractal Support: €22,306 Bearish Target (38.2% fib): €22,085 📌 Outlook: Bias leans bearish while below €24,075. A reaction at the PRZ could provide tactical short opportunities, especially if confirmed by momentum divergence or candlestick rejection signals on lower timeframes. As always, manage risk accordingly. Happy Trading, André Cardoso
FX:GER30Short
by Andre_Cardoso
GBPAUD (240) Bearish Alt-Bat Pattern Signals Potential ReversalPEPPERSTONE:GBPAUD Setup Breakdown: The recent completion of a bearish Alt-Bat pattern suggests a potential shift in market dynamics, signaling a possible downside move. While buyers previously maintained control, the emergence of this harmonic pattern indicates exhaustion. If selling pressure intensifies, the price could retrace towards key Fibonacci levels. A structured risk management approach involves maintaining a 1:2 risk-reward ratio, with stops placement above 2.0299 to accommodate potential retests of the monthly fractal resistance while minimizing exposure. Monitoring price action confirmation remains essential, as a failure to reject resistance could invalidate the setup. 🔹 Key Levels: Pattern Completed at 2.0212 Target 1: 38.2% Fibonacci retracement @ 2.0000 Target 2: 61.8% Fibonacci retracement @ 1.9862 Stops: Above monthly fractal @ 2.0299 📊 Risk Management Play: Apply a 1:2 R/R ratio (maximum 1:1) Stops above 2.0299 [Upon reaching the first target, close half of the initial position size and adjust stops to breakeven .] [At the second target, continue scaling out by closing another portion of the remaining position & activate a trailing stop or manually adjust stops to secure profits as the trade progresses.] Safe Trades, André Cardoso 💡 Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
Short
by Andre_Cardoso
Energy Fuels Stock: Potential Reversal Ahead?AMEX:UUUU After reaching a low of $0.78 in March 2020, AMEX:UUUU has been on a recovery path. Currently, it's forming an inverted head and shoulders pattern, with the key neckline at $7.47. A breakout above this level could signal a move towards $9.73. However, watch out for the bearish alt-bat pattern near $9.73, which could lead to a pullback. Stay alert for key price action and adjust your risk accordingly. ⚠️ Note: Any violation of the $4.19 support would invalidate the projected patterns in this idea.
AMEX:UUUULong
by Andre_Cardoso
Bullish Alternate Bat Pattern (15M)The Alternate Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2003. The pattern incorporates the 113% XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 38.2% retracement or less of the XA leg. The Alternate Bat utilizes a minimum 200% BC projection. In addition, the AB=CD pattern within the Alternate Bat is always extended and usually requires a 161.8% AB=CD calculation. I am publishing this idea late again due to the Hectic day on EU yesterday. The Alternate bat like the Butterfly and Crab is a reversal pattern that should if not followed by a reversal pattern counter to its direction break above/below the pattern. However in this instance I believe there to be a Bearish butterfly pattern being formed within the target levels of this pattern. I will attempt to publish this butterfly pattern prior to entry. The confluence of factors, the Head and Shoulders (1H), the previous Butterfly (15m) should apply enough bearish pressure to stop the Alt Bat from reaching TP3 or even breaking above the pattern.
Long
by Cryptsyxalt