Bat Pattern confirmations: - A-B must touch 0.5, but cannot touch 0.618 - B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236 - D completion at 0.886 (Fibo X-A) - Take profits at 0.382 and 0.618 (Fibo A-D) - Third TP would be long term back to where it all started
Deep Crab Pattern: - A-B leg can retrace anywhere between 0.382 up to 0.618 - B-C leg can retrace 0.382-0.886 of AB leg - C-D is an extension of up to 1.618 of XA leg - Take profits at 0.382 and 0.618 (Fibonacci D-C) - Third TP would be long term back to where it all started
Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP would be back to where it all started
Gartley Pattern - A-B must touch 0.618 but cannot touch 0.786 - B-C must touch 0.236 but cannot exceed A (on this case its at 0.382 unified gartley ) - D completion at 1.272 (Trend Extension) or 0.786 from normal measurement - First TP at 0.618 (Fibonacci from D-C) - Second TP at 0.382 (Fibonacci from D-C) - Third TP would be back to where it all started
Total Pattern's: 2 Cypher 2 Bat 1 Unified Gartley 1 Deep Crab
We can see several patterns been completed inside this consolidation respecting each fibonacci retracement, at this point its forming a Bat Pattern going bearish for its D completion at 0.786-0.886 area or it could turn into an Alternate Bat Pattern, which it would retrace towards 1.13 (retest at trend), after Bat confirmation I expect bullish impulse towwards -0.27 Good Trading. -1h Chart