The Harmonic Bat is a variation to the Gartley pattern which was developed by Scott Carney. It is considered to be one of the more accurate patterns exhibiting a higher success rate than any other harmonic patterns. The bat pattern might look similar to a Gartley 222 Butterfly pattern but differs only minutely in terms of the Fibonacci ratios between the swing/pivot points.
It is the third most important trading pattern in Harmonic Pattern series , called Bat Pattern which is also frequently observed in markets. It is known as the most accurate and precise pattern among other Harmonic patterns.
The Harmonic Bat Pattern 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
The Bat pattern is much similar to the Gartley 222 Pattern (link attached) where they share similar formation overall but differentiate when it comes to formation of XA Leg and CD Leg.
The pattern can be used in all markets and at any time frames with most accuracy.
Purpose: To share quality information within community that may help individual trader to learn more and take inform decisions in order to generate consistent positive results.
Practice the above said chart pattern and share it below with us.
Thanks for the support,
Best Regards,
Neetesh Jain
It is the third most important trading pattern in Harmonic Pattern series , called Bat Pattern which is also frequently observed in markets. It is known as the most accurate and precise pattern among other Harmonic patterns.
The Harmonic Bat Pattern 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
The Bat pattern is much similar to the Gartley 222 Pattern (link attached) where they share similar formation overall but differentiate when it comes to formation of XA Leg and CD Leg.
The pattern can be used in all markets and at any time frames with most accuracy.
Purpose: To share quality information within community that may help individual trader to learn more and take inform decisions in order to generate consistent positive results.
Practice the above said chart pattern and share it below with us.
Thanks for the support,
Best Regards,
Neetesh Jain
