Standard and Poor’s June 2009 Mini-Contract (ES_M9): 5-Minute Alternate Bullish Bat with Bullish RSI BAMM

The pattern shown on the enlarged chart in Figure 6.25 was distinct and completed in conjunction with the RSI BAMM. In fact, the price action reversed exactly at the 1.13 extension.

Figure 6.25.

This example possessed all of the ideal elements of a valid RSI BAMM. The RSI formation was nearly perfect, the pattern was distinct, and the price action reversed precisely in this projected completion area.