Beautiful bearish Bat Patter playing out on BTC at the moment
Key Elements that Define a valid bat outlined in the Harmonic Trading: volume 1
Bat Pattern Elements:
• B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or 38.2% retracement.
• BC projection must be at least 1.618.
• AB=CD pattern is usually extended.
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886.
Key Elements that Define a valid bat outlined in the Harmonic Trading: volume 1
Bat Pattern Elements:
• B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or 38.2% retracement.
• BC projection must be at least 1.618.
• AB=CD pattern is usually extended.
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886.
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