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AndresOspina
Mar 24, 2016 12:11 AM

SPX500 Short

S&P 500 index of US listed sharesFXCM

Description

bearish BAT so promising, first target the 0.382 second target its the 0.618
Comments
SymmetricalTrading
This isn't a Bat pattern. C leg cannot be lower then your X to A.
AndresOspina
that is not a rule of the pattern, even though the c leg is shorter than x-a, i think is the perspective that can make that visual efect.

thank you for your comment
SymmetricalTrading
What rules are you following? The official rules of the pattern outlined by Carney are the following.

The Harmonic Bat pattern has the following characteristics which can be used to identify the Bat pattern.

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 AB leg
AndresOspina
yes the same rules, but you know that in the most cases all the rules cant be completed, so i try to follow the most important of them, and in none rule said that cd should be shorter than xa

thank you for comment
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