The Harmonic Pattern Bat is made up of 5 swing points, X,A, B, C and D and come in Bullish and Bearish bat variations.
The Harmonic Bat pattern has the following characteristics which can be used to identify the Bat pattern.
AB leg can retrace between 38.2% – 50% of XA leg
BC leg can retrace between 38.2% – 88.6% of AB leg
CD leg can retrace up to 88.6% of XA leg
CD leg can also be an extension of between 1.618% – 2.618% of AB leg
When a (bullish) pattern does not go as anticipated, there are still very predictable ways to trade them.
One thing you'll want to do is wait and see if price closes above or below reverse 127.2% XA extensions. If price closes above the pattern is still considered valid.
Dont forget to like the post and comment with ideas below
May God bless
The Harmonic Bat pattern has the following characteristics which can be used to identify the Bat pattern.
AB leg can retrace between 38.2% – 50% of XA leg
BC leg can retrace between 38.2% – 88.6% of AB leg
CD leg can retrace up to 88.6% of XA leg
CD leg can also be an extension of between 1.618% – 2.618% of AB leg
When a (bullish) pattern does not go as anticipated, there are still very predictable ways to trade them.
One thing you'll want to do is wait and see if price closes above or below reverse 127.2% XA extensions. If price closes above the pattern is still considered valid.
Dont forget to like the post and comment with ideas below
May God bless
