Zeheart
Long

Potential Bat Pattern

FX:AUDCAD   Australian Dollar/Canadian Dollar
260 11 0
If price can move down and close below the Trend Line , chances of forming a complete Harmonic Pattern will be possible.
alex.a
2 years ago
you wrote long but red arrow is indicating to go down. I'm confused.
Reply
Zeheart alex.a
2 years ago
Hi Alex, guess I forgot to explain the Red Arrow.. atm I mentioned the pattern is only "Potential" coz price has not yet reach Point D to complete the Pattern. The red arrow is basically trying to indicate price to move down to Point D and form a complete pattern, thn there maybe a chance to have long entry base on the completed pattern. Hope this clarify... Sorry for the confusing =) Have a good day!
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dojitrader
2 years ago
I was trying to remember a Bat or even Crab pattern where
C is higher than A, and then, I figured you meant to say Shark
pattern ?
Here's an interesting page for such a pattern.
http://www.trade-forex-harmonic-patterns.com/harmonic-trading-tips-shark.html
Thanks for your thoughts !
Reply
Aqua-Life
2 years ago
With a bat pattern, the C point may not exceed the A point of the pattern; at least that is the way how i trade it.
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dojitrader Aqua-Life
2 years ago
what am I missing ? Isn't that what's happened with C
printing a higher high/price than A ?
Reply
sorry but that misses the point configuration, and c can not be higher than the point, I think you're doing a little too much confusion, it is best that you go to the site to control you exactly how it works
Reply
sorry but that misses the point configuration, and c can not be higher than point A I think you're doing a little too much confusion, it is best that you go to the site to control you exactly how it works
Reply
dojitrader serpico.salvatore
2 years ago
The week is over ---
I'm trying to understand what seems obvious to me . . .
Here is examples:
snapshot

Don't mean to drive you crazy with my question !!!
Thanks for everyone's thought. ~~~~
Reply
tntsunrise TOP dojitrader
2 years ago
You are right. trader. this is not a bat pattern.
Reply
Zeheart
2 years ago
Hi guys.. thanks for the reply. Agree that it is not a Bat Pattern.. Guess I put up wrongly. Sorry for creating all the confusion. I will make changes on it. Thanks for letting me know.. Have a good weekend.. =)
Reply
davis284
2 years ago
just further to the ratios. there is an alternative way to draw the bat pattern: http://www.fxgroundworks.com/alternative-bat-pattern/ but for the classical pattern your right it can't exceed. in the alternative bat the D point is higher but I don't believe the gains are that much better statistically over the classic pattern.
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