Perfect illustartion of Bat Pattern.

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.
Comment: High - 37.5 (target achieved)
Trade closed: target reached


@Kinnari_Prajapati Thank you so much for introducing various patterns.
Can you please share view on nifty and banknifty....
+1 Reply
@om005, Ok i ll do it later or tomorrow.
+2 Reply
prajapatiashish888 Kinnari_Prajapati
@Kinnari_Prajapati, hello.. where can I actually learn this all the various technical analyses as you do??
+1 Reply
apusarla Kinnari_Prajapati
@Kinnari_Prajapati, Hi Kinnari,....Anand here.....what is the best way to reach you?
+3 Reply
Hi Kinnari,....Anand here.....what is the best way to reach you?
why don't you mention stop loss and target in your analysis...?
Kinnari_Prajapati hendrichschatz
@hendrichschatz, because pattern late.
+2 Reply
Brilliant , what's the long term prediction....
Is it good to invest now, have been waiting since 29
Are you bullish on it?
ada0492 Kawardeep
@Kawardeep, yes it's bullish
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