Hourly Carin Charts shows a potential short term trade setup with a bullish BAT Pattern. Bullish BAT pattern requires a smaller stop loss than most patterns because it has undergone a 0.99XA retracemnt. So any move below the point X i.e Rs 258 invalidates the pattern. So long trade can be set up with a stop loss of 258. As the charts are hourly trade should be exited once 3% target achieves which corresponds to the target of 267.8 approximately. Estimates time duration for achieving the target is 1-2 days
Bullish BAT Pattern in Hourly Cairn Charts
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hi rajandran
is it possible to draw wolf wave projections in amibroker by automated robot system
for details on wolf wave kindly view the following link
http://blog.vikasverma.com/
regards
rajamani
Stop Loss Hits trade failed
If it comes again above SL i.e. that analysis range, again a BUY?
Manas the pattern got failed once it moves below Rs 258 that is more than 100% of XA which invalidates the Bullish Crab Pattern type