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Deep crab reversal into a bullish bat
From what I can see on the chart short we can see a deep crab pattern which has caused price to reverse from bearish to bullish.
Price has come back to retest the 161.8% entry for the deep crab and also has formed a much smaller bullish bat pattern.
Using the bat I can look to enter a much larger position due to the small stop loss required at 100% of XA.
Taking profit on the bat where the 2R for the larger deep crab pattern would be is around 13R.
Price has come back to retest the 161.8% entry for the deep crab and also has formed a much smaller bullish bat pattern.
Using the bat I can look to enter a much larger position due to the small stop loss required at 100% of XA.
Taking profit on the bat where the 2R for the larger deep crab pattern would be is around 13R.
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