DMART - Bullish Bat & Bearish Deep Crab - 4H TF

20 juin 2019

Bullish Bat pattern on 4H Chart of DMART. BUY 1290-1292, SL 1283.8, Target(s) - 1299.9, 1303.
Bearish Butterfly pattern on 4H Chart of DMART. SELL 1401-1402, SL 1409.1, Target(s) - 1394, 1391.

I started learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.

20 juin 2019

Note

This pattern is a Bearish Deep Crab and not a Bearish Butterfly.

27 juin 2019

Note

It fell from 1395 to 1365 in the morning. Big or substantial fall from near-miss levels and they are voided, try to not use them again if it comes in the price like this because the fall in the morning was where the trading happened, indeed the pattern completed near 1400 but sometimes different strategies may overpower others. Do not chase, rather be safe than miserable in the end, for continuing in the race with flat tyres losing places to others and not choosing to pit for fresh new tyres.