ilmscore | Prediction Details
"we don't have any advanced pattern here on the 4our chart but if we drop down one more time frame to the 1hour Chart do you guys notice any kind of familiar pattern shape here if we look from here being our impulsive move and pull a Fibonacci retracement from X down to a as you can see we run right up into that 50% retracement our blue line so that lets me know that I'm looking for a bat pattern after that 50% retracement my second rule for the bat pattern is from a up to B I need a 382 retracement at least a 382 retracement and I get much more than that in this case so I know that I do have a valid bat pattern right here coming off a daily level of structure which could give me a pretty good indication that this Market wants to continue to fall if we do make it up here to our completion point and then hopefully we will see a drop in this market"
By The Trading Channel (The Trading Channel) | December 15, 2016 | Pending
From video
Advanced Pattern Watchlist ( Episode 1 ) 00:03:30 - 00:04:32
Interpreted Prediction
A bat pattern is setting up on the USD/JPY 1-hour chart, indicating a potential continuation of the downtrend. The completion point is expected to be reached.

Prediction Details

Ticker
USDJPY=X

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