The idea is simple, but super powerful. If you combine the first bat pattern with the first set of fib time zone (in blue), you would have placed your buy position @ $7160.75 and sold your position @ $11100 (2.17 r/r ratio), with SL below $5555. Then, when the price stopped at $6400 forming the second bat pattern , you could have placed long positions and aimed for $9725 and opened short positions at $9725 because it has formed the 2618 pattern. Furthermore, if a triangle forms at a relatively low price level (the triangle before the short squeeze), the risk/reward ratio is better with buying.
Can you see the power of learning now? Yes, you can say I am not a professional trader. Yes, I still have a lot to learn. But, I LEARN!!! This is what my original intention is to post my TA on TV – to encourage people to learn because I believe most of the people on TV is not a professional trader.