P4ndawgs

P4ndawgs

The Bat pattern is a retracement and continuation pattern that occurs when a trend temporarily reverses its direction but then continues on its original course.it gives you the opportunity to enter the market at a good price, just as the pattern ends and the trend resumes, and has a bullish and bearish version. we can enter short C to D, and Long from the D leg.

P4ndawgs

Here we can see a Bearish butterfly. As we continue to complete the D leg we will short, because we are now entering the bear market.