The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
EURNZD / H4 / Technical Chart
Click "Like" if you find the information useful. Click follow if you want to stay updated with my ideas.
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight into my trading techniques, you should do your own due diligence and not take this information as a trade signal.
We are predicting the Bat Pattern to complete as long as the red resistance zone is not broken. Our strategy is to trade the 4th leg of the pattern, but a break of the red zone will make the pattern invalid, therefore we will close our position. OANDA:CADCHF
Looking for opportunity to buy once bullish bat pattern is almost completed near pt.D.
Ideal EP = 1.26062 (may change, depending on structure and price pattern).
SL: 1.23480
1st PT: 1.27525
2nd PT: 1.29302
Like and Follow for more Ideas and updates to this chart.
Ripple is in a potential bullish harmonic reversal zone here. There's also a weekly bullish divergent bar, and the weekly momentum is starting to diverge and turn around. We're also within the correct time zone for this wave to end, along with the inside Elliott wave count for wave-(d) matching that of...
Price is very close to the PRZ, it's possible that it's reversing already but with Bats it's best to wait until the 0.886 retracement of XA is hit before entering the trade.
Possible formation of bearish bat pattern at previous untested resistance and top of rising parallel channel . For a sell at 111.022 , TP at 110.475 and SL at 111.177 you get a RR ratio of 3.5
Possible Bearish BAT Formation is targeting Potential Reversal Zone around 210$. Symmetrical triangle is targeting too same area with BAT (Purple Zone), also it can be seen ascending triangle that have neckline which is a important S/R point.
I have been choosing Bullish side for this pair for many weeks and months & I have loosen a lot of my capital because of it. I suppose that it is a fork stage now. If price stays above a "Double Bottom zone" I will reopen longs again, however I do suppose that Bearish direction for a pair is very probably because of ABCD pattern & very Bearish Heikin Ashi February...
EURJPY H1 chart formed bearish bat XABCD harmonic pattern, and the price is at a resistance zone. The RSI looks like overbought, so don't think it can break this resistance.
THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
WXY (blue one - bigger cycle) correction ends around $1800, possible return area marked on the chart.
Possible BAT and ALT BAT return setup are also shown on the chart.
THIS SETUP IS PUBLISHED ONLY FOR PRICE ACTION FOLLOW UP NOT FOR TRADING. SUB TIME FRAMES HAVE TO BE CHECKED.
THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
BAT FORMATION IS TAKEN FROM FRXTRADER
tr.tradingview.com
3rd target of BAT is very close with EW correction count target (WXY at Y which is assumed %100 of W).
Happy Days are Here Again! What can possibly go wrong? Fed Put - check! Tariffs/Trade resolved - check! (maybe). Giddy sentiment with giddy-up - check! I admit I'm impressed, but not convinced.
Navigating the market since October's decline has been difficult, but rewarding. Like many, I plan on holding my rewards. So, what to do, besides worry or...
Traders, today we have XAU/USD on the daily chart with a valid bearish bat pattern.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
XA Retracement: 0.886
Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.618/3.14 BC and 0.886 XA retracement.
Once the final 0.886 measurement...
H1 Bearish Bat Harmonics Pattern
The pattern will complete at point D however I am entering trade on a deeper price represented by the black dotted line. Reason for this is because this is GBPNZD - GBP cross pair and tend to be more volatile and higher broker spread.
I saw bigger Bullish Harmonics Patterns on H4 and Daily on the Higher timeframe and gave me...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
