leszekstanislaw
Short

AUDUSD M30 - Completed Bat - that's why i like bat pattern

FX:AUDUSD   Australian Dollar/U.S. Dollar
The Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2001. The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat is extended and usually requires a 1.27AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.

From http://www.harmonictrader.com/price_patternsbat.htm
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