hey, traders. first trade of the week ended a winner. move on. here's another bat pattern. This pattern, depending on how the CD leg moves, will either be a bear HSNSI or HSNSP. These two types are differentiated with CD leg. CD leg may be straight or broken by some kind of retracement incorporated. This retracemnt must at least be 0,382AB long to turn CD leg into "I" type. If we don't have this retracement the CD leg will be "P" type. HSNSI (with retracement) type has more than average accuracy, while HSNSP (no retracement) type has less than average accuracy. If it's HSNSP type - I won't trade it. Make sure you follow me in order not to miss my weekly "Thoughts about bat pattern" series. I will tell you more about bat types and the way to distinguish them there.
Ok, traders. CD leg was interrupted by the kind of retracement I needed and we have a potential HSNSI bat type. I will enter this trade if the pattern completes.