The Bat Pattern Market Strategy
The Bat Pattern Market Strategy has been tested across different asset classes (currencies, commodities, stocks and cryptocurrencies). We recommend that you take the time and backtest the harmonic bat patterns strategy before attempting to use this advanced pattern in your trading strategy.
How to Trade the Bat Pattern
Let's quickly get to the charts.
I can observe a Bat pattern completed at 10180. This could be taken as a reversal trade setup with traditional targets at 10295, 10330 and 10365.
So If this setup works I would be passively bullish for the above conservative targets. Only on break and close above 10420 (on this chart), I may again play for 10600. Further...
Hi fellows, hope you are doing great with your trading. I wish you all the best for the coming week.
In my previous post I shared my observations with the expectations that the index will achieve higher levels in the coming days. Unfortunately, I had to take trades in the reverse direction, later in the week, in order to mitigate my losses. It is all part of...
Continue with Patterns :
Bat Pattern : XABCD are the point to be considered with following ratios
AB (fall) = 0.38 or 0.5 times XA (rise)
BC (rise) = 0.382 or 0.886 times AB (fall)
CD (fall) = 1.618 or 2.618 times BC (rise)
Interest point would be point D after completion of pattern as potential reversal zone (PRZ) , looking for buying...
The Harmonic Bat is a variation to the Gartley pattern which was developed by Scott Carney. It is considered to be one of the more accurate patterns exhibiting a higher success rate than any other harmonic patterns. The bat pattern might look similar to a Gartley 222 Butterfly pattern but differs only minutely in terms of the Fibonacci ratios between the...