Completed Bat Pattern

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

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

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.
Rimvydas sanmed02
Thanks, good luck to you as well.
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out