InfinityForex

USD/CAD | Double Top | Bat Formation

FX:USDCAD   U.S. Dollar / Canadian Dollar
64 4 1
USD/CAD             has formed a Double top which suggest a bearish signal.
there's no bats here. B should never touch 61,8. C should never violate A.
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EverythingForex Alexander_Nikitin
That's a question I had wanted to pose to you as well, Alexander. The AB retracement for a BAT should be max 88.6% for point C but if for example, the C bar does not CLOSE above 88.6% BUT the WICK does extend past 88.6% and equals or almost equals the A point but does not violate it, does that still make it a valid BAT?

By the way, he didn't say it was a BAT even though he drew it in as one! So not sure what he's calling his pattern here....just saying!
+1 Reply
Alexander_Nikitin EverythingForex
The pattern will be valid even if we have a candle close at 100%AB as long as there's no even 1pip wick or whatever beyond A.))
Reply
EverythingForex Alexander_Nikitin
Thanks! That's what I thought but wasn't sure. Good to hear it from the authority on BATs! By the way, do fruit bats feed on blood??? ;-P Love your series on BAT patterns as well. Keep up the good work.

Sorry about hijacking your thread, JMcGibney.
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