The , is a precise discovered by Scott Carney in 2001
The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ).
The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection.
In addition, the pattern within the Bat is extended and usually requires a 1.27 calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
38.2% to 50% XA
38.2% to 88.6% AB
TP1 38.2% AD
TP2 61.8% AD