0390 to 0405 is a possible area for a Bullish Bat Pattern

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Disliked{quote} Can you please share EU labeling as it has become very very confusing for me.?Ignored
Disliked{quote} Sorry for the delay. I babysit my MES futures trade. Here is the EU. {image}{image}Ignored
Disliked{quote} Maybe playing the ABC pattern would be more beneficial b/c of consolidation? {image}Ignored
Disliked{quote} Of course, when I trail, my stop will be hit and the original target will be reached—Murphy's law.{image}
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Disliked0390 to 0405 is a possible area for a Bullish Bat Pattern{image}
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Disliked{quote} rehmatkhan, exactly. If you mark 2 zones @38.2-50% and 78.6-88.6% on the last swing on any TF you will focus on something that happens regularly. Now, if we have something more than inside retracement we have Extensions above swing high or below swing low and shoot for butterfly or crab pattern @127.2-161.8%. That's the typical cumulative behavior of all market participants. Sure, extended targets at 200- 261.8% happen too. You can live well off the ABC pattern. I've been preaching this for years. {image}Ignored
Disliked{quote} Now there is some decent reaction from reversal zone{image}
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Disliked{quote} Yes, but on 1H TF EU still struggles with a 1.0427 level (measured move- how strong bulls were on prior attempts to take out the previous high). Deep 4th wave or ABC? {image} {image} it is equivalent to AB=CD or simply a red line on my charts.Ignored
DislikedClosing on 1.2675 AB=CD target. {image} Added: Currently on 1H TF.{image}Ignored
Disliked{quote} Target #1 @1.2632 of bearish crab pattern hit. Watch WH @1.26308 . Timing for a reversal at least temporarily for Feb.21 reached. {image}Ignored
Disliked{quote} GU is in a tough spot right now, with a narrow range between the support/resistance zone. {image}Ignored