@PE_Ratio
We are all in learning stage and keeping our ego aside. For the sake of this thread for learning’s sake, I will like to post the chart of Meghmani Organics that shows a classic Bullish Bat pattern with potential reversal zone at about 78. Here is the chart. There are two problems in your chart. Firstly its duration is small. We should take slightly longer time horizon. Secondly, and more important is that we do not know whether the C point has ended or not. After there is a clear upward movement from your C point, we can consider your point of bearish Gartley, but not before that. Till then it is a bullish bat.
If we keep the last objection aside, your formation of Bearish Bartley is technically perfect.
1 Like