Bearish BAT M15

FX:EURUSD   Euro / U.S. Dollar
237 6 7
Careful buyers I found bearish bat pattern.
TP1 at 1.1072 and second TP at 1.1028
Petar, thank you very much for answering, i was under the idea that the b point should at least touch 0.5 but not close above 0.618 to be a valid Bat.
You are welcome :). Basically, you are right about B that it should be less than 0.618 but there is alternate bearish BAT pattern which is not perfect but still can be profitable.We don't live in perfect world and that is also on the Forex. For example, EUR/USD is a classic example of alternate bearish BAT pattern. I found B point near 0.69 and later on I saw the extension of XA 1.13,Also, I found . BC more than 2.0. Basically, you see that Fibonacci work there is still fine for bearish and suggesting that EUR/USD is overbought and that we may see lower price.
actually c point is at least .618 - and less than X point
+1 Reply
PetarJacimovic CristopherCerrato
C point is anytning in range of 0.382-0.886
Hi Petar hope you are well. What are your a-b rules for the bat pattern? thank you. kindest
Hello there, I am doing very good , thank you for the question. I hope you are doing good as well. You mean C point retracement or XA retracement ? ?.Anything from 0.382 - 0.886 is for C point and for XA is usually 0.382 - 0.618
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