In the smaller picture, we have a Bullish Harmonic Bat Pattern almost completing giving us a short-term buying opportunity due to bearish pressure. However, we see a potential FIB INVERSION Trade on the bearish side since the market just put in a new Lower High at the C Leg of the AB:CD Equal measured move. If price action pushes down to the KILL ZONE which is the D leg completion, then we have a perfect FIB INVERSION setup with an opportunity to LONG or BUY. There is a lot of confluence at the KILL ZONE including a Bullish Harmonic Crab Pattern completion at the 161.80% in the KILL ZONE which is a good LONG entry so keep your eyes at that level!!
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Bat pattern Target hit with 40pips