theb0x

H4 NU Potential Bullish Bat

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
109 3 0
H4 NU Potential Bullish Bat
AB=CD around the 88.6 area
Structure present
HatZ
2 years ago
Can you tell me why you consider this pattern a bat and not a gartley?

It looks to me that the B-point retracement has come closer to the 0.618.
Also the confluence of harmonic support levels is much stronger at the 0.786 XA retracement.
Reply
theb0x
2 years ago
Hi Hatz..

Yup ur right B-point is closer to 0618 but it did not touch.

depending what is ur rules for bat & gartley ... it can be either one.

For me, Bat must be

B must touch 50 but must not touch 61.8
C leg must touch atleast 38.2



For gartley

B must touch 61.8


Reply
HatZ
2 years ago
i c.. ok that makes sense.
Reply
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