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The Bat Pattern , is a precise harmonic pattern™ discovered by Scott Carney in 2001
The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ).
The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection.
In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ).
The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection.
In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
Comment:
High - 37.5 (target achieved)
Trade closed: target reached
Comments
@Kinnari_Prajapati Thank you so much for introducing various patterns.
Can you please share view on nifty and banknifty....
Can you please share view on nifty and banknifty....
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@Kinnari_Prajapati, hello.. where can I actually learn this all the various technical analyses as you do??
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@Kinnari_Prajapati, Hi Kinnari,....Anand here.....what is the best way to reach you?
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Brilliant , what's the long term prediction....
Is it good to invest now, have been waiting since 29
Is it good to invest now, have been waiting since 29
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