-Bullish Bat is a harmonic pattern as shown in pink.
-Usually, during the base formation post making a Bullish bat pattern, a lot of big players accumulate which is then followed by a sudden spurt in prices.
- I see a triple bottom being made in an upward trend line suggesting Higher Lows.
- The base length can vary depending on the market scenarios. Patience is required in this kind of bamboo shoot stories.
- Here the base pattern suggests a symmetrical triangle is being formed. Too early to claim but so far looks like one. Hoping for a supersonic breakout from a symmetrical triangle pattern and a harmonic pattern.
-Usually, during the base formation post making a Bullish bat pattern, a lot of big players accumulate which is then followed by a sudden spurt in prices.
- I see a triple bottom being made in an upward trend line suggesting Higher Lows.
- The base length can vary depending on the market scenarios. Patience is required in this kind of bamboo shoot stories.
- Here the base pattern suggests a symmetrical triangle is being formed. Too early to claim but so far looks like one. Hoping for a supersonic breakout from a symmetrical triangle pattern and a harmonic pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.