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tikkuk
Oct 23, 2016 11:34 AM

BAT Pattern : Entry at 148 Long

BANK OF BARODABSE

Description

Learning Bat Pattern
B is at least 50% retracement of XA leg, should not close above 50% retracment
C is at least 61.8% retracment of AB and no candle should close beyond 88.6% retracment
D is at 161.8% extension of AB

Target1: 38.2% retracemnt of AD leg
Target2: 61.8% retracment of AD leg

Trade active

Taken position at 150

Trade closed: stop reached

stoploss of 144 hit
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