The Bat requires one of the smallest stops of the harmonic patterns.
The entry is at 88.60% of XA while the stop is at 100 %.
Also denoted on the chart is the 261.8% BC projection.
We can see on the lower timeframes price immediately reacts to the 88.60% entry point.
Both the 88.6% and 261.8% were broken in one bullish candle confirming entry.
If further interested in harmonic patterns please refer to Scott carney's extended works.
The entry is at 88.60% of XA while the stop is at 100 %.
Also denoted on the chart is the 261.8% BC projection.
We can see on the lower timeframes price immediately reacts to the 88.60% entry point.
Both the 88.6% and 261.8% were broken in one bullish candle confirming entry.
If further interested in harmonic patterns please refer to Scott carney's extended works.