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slrocheleau
Apr 5, 2018 9:24 AM

Bat > ABCD > Active Trade ()(-_-)() Short

FX:NZDJPY240
New Zealand Dollar/Japanese YenFXCM

Description

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Active Trade


The Bat pattern has the following characteristics

AB leg can retrace between 38.2% – 50% of XA leg
BC leg can retrace between 38.2% – 88.6% of AB leg
CD leg can retrace up to 88.6% of XA leg
CD leg can also be an extension of between 1.618% – 2.618% of BC leg
Harmonic PatternsAB=CD
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