Rimvydas
Short

Completed Bat Pattern

FX:GBPJPY   British Pound/Japanese Yen
157 6 9
Constructive criticism is welcome.

Thanks
Comment: T1 Reached.
Trade closed: target reached: T2 Reached.
look the B must close below the 50 % XA fibo ratio.
Reply
Rimvydas sanmed02
Thank you. As I'm still learning will take this into consideration.
Reply
Rimvydas sanmed02
Hi Sanmed02,

Have checked info Im learning from and its says: The Bat Pattern is similar to Gartley in appearance, but not in measurement. Point B has a smaller retracement of XA of 0.38 or 0.50 (less than 0.618). Please correct me if I'm wrong.

Thanks
Reply
sanmed02 Rimvydas
I'm learning as well as you, and you are right, I checked back and I found as you mentioned Point B has retracement of XA 0.38 or 0.50. Thank you. Hope the point D respect the 88.6 % of XA to confirm the bat pattern. ;)
good luck mate.
Reply
Rimvydas sanmed02
Thanks, good luck to you as well.
Reply
Rimvydas sanmed02
And 1 more View :))

:The Bat Pattern
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.
+1 Reply
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