SPHS Bearish Bat on daily chart

Description

⋅ Jan 26, 2016 2:01 AM

tradingview.com/chart/6h8Rsc56/

Chart meets criteria of the Bearish Bat
1. B retracement 38.2% of XA leg.
2. C retracement 88.6% of AB leg.
3. if C=88.6% retracement of AB leg ==> CD should be 261.8% extension of BC_ leg
4. D should be 88.6% retracement of XA leg.