tmanuelasorina
Long

BULLISH ALTERNATIVE BAT PATTERN AT COMPLETION

FX:AUDNZD   Australian Dollar/New Zealand Dollar
170 6 6
AUD/NZD             completed a bullish alternative bat pattern.Price is right now at point D.Y ou can go long
Target 1 at 1,08703
Target 2 at 1,10532
Hi, I kind of agree with your pattern, for Alt Bat, but B point candle cannot close exceeding 38.2. XA fibs. that is what I understand based on available cheat sheet. is this pattern still valid?
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of course it is still valid
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tmanuelasorina tmanuelasorina
it is an advanced alt bat pattern not an harmonic bat pattern.It is a difference between harmonic patterns and advanced harmonic patterns
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ZaliQifty tmanuelasorina
Thanks! I need to learn more!
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D cannot be lower than X :D
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oh yes it can be lower because this is an alternative bat pattern,and in this alternative bat pattern point D is situated at 1,13% projection of XA leg.This pattern is different and I red this in the book by Scott Garney about harmonic patterns
Clear?
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