Advanced Pattern Watchlist ( Episode 1 )

"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"

"we have a 4H hour bat pattern now as I said before I do like to start out on the daily charts to just see where I'm at and give myself a bird's eye view of the market now here on the daily chart you can see that we have I mov my Advanced pattern out of the way previously broke above a structure resistance level here that tells me that I'm that we have an opportunity to go long because after we have broken closed above a previous structure level a lot of time we will continue in that direction so I have my bias of going long and I know that my next level of resistance is all the way up here so I do have room to go up considering that so then we drop down to our smaller time frames such as the 4-Hour chart as you can see here on the 4our chart taking a look at this being our impulsive move coming up from X to a if I take a Fibonacci retracement from X up to a you see that we come down to a good 50% retracement there and then from from a down to B we need that 382 and we easily get that so now with that being the case we just wait for our DEC completion down here at the 886 to complete this bat pattern on the pound dollar 4H hour chart"

"here on the dollar Swiss on the 4-Hour chart we have ran into a resistance level that we've tested multiple times here so what that means is that this resistance level is likely to push the market down and we already have pushed the market down quite a bit from this level and we've started to actually break some of these structure support levels like this one indicated in my red line here so if I drop down a time frame and make this a little easier to see you can see that we started to break support after running into that 4H hour major level of structure and now after breaking a couple of different support levels we've put in an extension of 127 after an impulsive move down and I'll just go ahead and delete the pattern first as you can all tell this is going to be a cipher pattern but if I just delete these drawings here bring on my Fibonacci retracement after showing you the impulsive move I'm talking about we have an impulse PL here followed by we go from X down to a a 382 retracement which puts me on Cipher pattern alert now we just need our 127 extension to come in from X to a again back up 127 extension and now we can draw in our Cipher pattern that as you you can see ends right here at this 786 retracement"

"here on the pound Swiss as you can see the pound Swiss is starting to put in a little period of consolidation here and in these periods of consolidation we can expect to see a couple of different things we can expect to see bounces off of support and resistance levels along with Advanced patterns in these periods of consolidation so that's what we're looking for here I drop down to an hourly chart this may be a little bit easier to see there we have our impulsive move coming from X up to a and if we pull a retracement from that you can see that we get our 382 the next thing we look for for our Cipher pattern is X to a and back down looking for a 127 extension our lime green line and as you can see here we get above that lime green line making this a valid Cipher pattern opportunity so now we're just waiting on this 786 retracement to complete the pattern"

"here on the Aussie New Zealand on a 1 hour chart chart and as you can see here we actually have a few different Advanced patterns on this chart we have a cipher pattern in green that is already hit our entry then we have a cipher pattern in Orange going in the opposite direction so we should hit our first and second Targets on this first Cipher pattern in green before hitting the entry on our orange Cipher pattern which will give us another opportunity to go short if that's what the market does and just above that Cipher pattern in Orange we have a bat pattern if I delete all of these drawings and draw these patterns out with you guys our impulsive move on our first Cipher pattern is going to be from X to a down to B then our extension from X to a is going to give me C and finally our D our D Point completion is going to be at that 786 so we'll pull the retracement first as you can see we get a good 382 there pull our extension X up to a back down as you can see we hit that 127 that lime green line here and our completion is here at the 786 so we'll just draw that pattern back in now for our second Advanced pattern we're looking at an impulsive move from X here down to a then back up to our 382 retracement back down to 127 extension and up to our 786 completion point for this pattern bring in the Fibonacci retracement tool as you can see here we get a 382 right here now we need an extension from that same X to a and back up here we have that 127 extension and finally to end the pattern we're going for the 786 retracement"

"and there was one more advanced pattern that we were looking at and it was actually up on a higher time frame we'll check it out here on the 4our chart here on the 4our chart if I take a retracement tool from an impulsive move move down here x to a you will see that we put in a nice 618 retracement and if we bring it back up we get another 618 retracement which meets my rules for a gartly pattern and I think I said this was a bat pattern earlier sorry about that guys this is actually going to be a garly pattern we're looking for one 1618 retracement followed by another 618 retracement followed by a 786 retracement or a 127 extension and sometimes those two line up very well so that's what we're looking for here on the aie New Zealand"

"we'll continue down the list to the azy Yen and again back down on the 1 hour chart as you can see the alen has previously broke above this structure level and then started to consolidate here testing this resistance level and being pushed back down when that happened we did create an advanced pattern formation or a possible Advanced pattern formation it has not completed yet but if we pull from our impulsive move here x up to a you can see that we get that 50% retracement and now we look for a 382 retracement from a down to B which we get easily and the pattern completes at the 886 retracement or a valid bat pattern here on the a Yen"

"we have a bat pattern setting up here on the cad Yen and another example of using some top down analysis beforehand as you can see we have run up into a pretty prominent daily level of structure here if we look straight across and since then the market has been pushed down go back to our hourly chart the market pushed down from that level retraced a bit giving me right at a 50% retracement which puts me on what guys puts me on bat pattern alert so once I get that 50% retracement then I look for a 382 retracement from a up to B easily get that and then I know that I have a possible valid Advanced bat pattern setup which is what we're looking at on the screen now and hoping it will complete"