Indices Technical Analysis with Harmonic Alt Bat Indicator

  • July 17, 2017

Buy Gold (Based on Bullish Alt Bat Technical Analysis on 04 Nov 2015 at 09:30)

  • Table of Specifications

    • Trading Pattern: Harmonic Alt Bat
    • Trend Direction: end of bearish trend
    • Symbol: Gold (XAUUSD)
    • PRZ: 1120.365 to 1118.641
    • Take Profits: 1121.687 and 1122.095
    • Take Profits (pips): 13 and 17
    • Stop Loss: 1118.541
    • Stop Loss (pips): 18
    • Starting Time of Formation: 03:00 on 04 Nov 2015
    • Time to completion (TTC): 8 Candles
    • Return value of AB on Fibonacci of XA: 42.7
    • Return value of BC on Fibonacci of AB: 79.7
    • Return value of CD on Fibonacci of BC: 293.2
    • Return value of CD on Fibonacci of XA: 99.8
    • Number of Candlesticks on complete pattern: 78 Candles
    • Time-Frame: 5-Minute
    • Time: 09:30 (Based on FXPro server)
    • Date: 04 Nov 2015
    • Expiration of Harmonic Alt Bat: 8 Candles
    • Strength: 75

Description of Harmonic Alt Bat

On upward trend, price proceeded from 1119.33 on 04 Nov 2015 at 03:00 to 1122.8 at 03:55 to form wave XA, followed by decline toward bottom on 1121.32 at 06:20 to develop valley B, wave AB, on 42.7 of Fibonacci of XA.

Price returned toward top, from B to C on 1122.5 at 06:35, to form BC wave that is on 79.7 of Fibonacci of AB. Eventually price moved toward bottom on 1119.04 at 09:30 to develop CD on 293.2 of Fibonacci of BC and 99.8 of Fibonacci of XA.

Owing to complete formation of given Alt Bat Harmonic pattern accompanying with other confirmations, it is speculated that price will proceed out of PRZ while Buy signal shows two Take Profit prices 1121.687 and 1122.095 with Stop Loss 1118.541.


Buy Gold (Based on Bullish Alt Bat Technical Analysis on 04 Nov 2015 at 09:30)

Description of given pattern

  • Price of start point of given Bullish Alt Bat Harmonic pattern: 1119.33
  • Price of peak A of given Bullish Alt Bat Harmonic pattern: 1122.8
  • Price of valley B of given Bullish Alt Bat Harmonic pattern: 1121.32
  • Price of peak C of given Bullish Alt Bat Harmonic pattern: 1122.5
  • Price of PRZ of given Bullish Alt Bat Harmonic pattern: 1120.365 to 1118.641

Considering Harmonic pattern specifications and Risk management principles, it is strongly recommended that some powerful confirmations are required to increment success rate hence based on Capital management principles, suitable lot size of orders can be selected.


Sell US Dollar Japans Yen (Based on Bearish Alt Bat Technical Analysis on 11 Jun 2015 at 10:15)

  • Table of Specifications

    • Trading Pattern: Harmonic Alt Bat
    • Trend Direction: end of bullish trend
    • Symbol: US Dollar Japans Yen (USDJPY)
    • PRZ: 123.085 to 123.496
    • Take Profits: 122.768 and 122.670
    • Take Profits (pips): 32 and 41
    • Stop Loss: 123.506
    • Stop Loss (pips): 42
    • Starting Time of Formation: 13:45 on 10 Jun 2015
    • Time to completion (TTC): 8 Candles
    • Return value of AB on Fibonacci of XA: 40
    • Return value of BC on Fibonacci of AB: 87.8
    • Return value of CD on Fibonacci of BC: 295.4
    • Return value of CD on Fibonacci of XA: 103.7
    • Number of Candlesticks on complete pattern: 82 Candles
    • Time-Frame: 15-Minute
    • Time: 10:15 (Based on FXPro server)
    • Date: 11 Jun 2015
    • Expiration of Harmonic Alt Bat: 8 Candles
    • Strength: 71

Description of Harmonic Alt Bat

On downward trend, price proceeded from 123.339 on 10 Jun 2015 at 13:45 to 122.538 at 17:00 to form wave XA, followed by rise toward top on 122.858 at 19:30 to develop peak B, wave AB, on 40 of Fibonacci of XA.

Price returned toward bottom, from B to C on 122.577 at 21:30, to form BC wave that is on 87.8 of Fibonacci of AB. Eventually price moved toward top on 123.407 at 10:15 to develop CD on 295.4 of Fibonacci of BC and 103.7 of Fibonacci of XA.

Owing to complete formation of given Alt Bat Harmonic pattern accompanying with other confirmations, it is speculated that price will proceed out of PRZ while Sell signal shows two Take Profit prices 122.768 and 122.670 with Stop Loss 123.506.


Sell US Dollar Japans Yen (Based on Bearish Alt Bat Technical Analysis on 11 Jun 2015 at 10:15)

Description of given pattern

  • Price of start point of given Bearish Alt Bat Harmonic pattern: 123.339
  • Price of valley A of given Bearish Alt Bat Harmonic pattern: 122.538
  • Price of peak B of given Bearish Alt Bat Harmonic pattern: 122.858
  • Price of valley C of given Bearish Alt Bat Harmonic pattern: 122.577
  • Price of PRZ of given Bearish Alt Bat Harmonic pattern: 123.085 to 123.496

Considering Harmonic pattern specifications and Risk management principles, it is strongly recommended that some powerful confirmations are required to increment success rate hence based on Capital management principles, suitable lot size of orders can be selected.

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