Rimvydas
Short

Completed Bat Pattern

FX:GBPJPY   British Pound/Japanese Yen
157 6 8
7 months ago
Constructive criticism is welcome.

Thanks
7 months ago
Comment: T1 Reached.
7 months ago
Trade closed: target reached: T2 Reached.
sanmed02
7 months ago
look the B must close below the 50 % XA fibo ratio.
Reply
Rimvydas sanmed02
7 months ago
Thank you. As I'm still learning will take this into consideration.
Reply
Rimvydas sanmed02
7 months ago
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
7 months ago
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
7 months ago
Thanks, good luck to you as well.
Reply
Rimvydas sanmed02
7 months ago
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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out