The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg must be less than a 0.618, preferably a 0.50 or 0.382 and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2) extended AB=CD pattern, usually 1.27 AB=CD and 3) minimum BC projection is 1.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
10:00 Hrs - 17th July 2018
Last Price@574-575
Post Market Read - Check Trading Strategy in Market Time
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It was 08:30 IST -15th July 2018 - Everyone was excited for Fifa World Cup 2018 Final Match between France & Croatia- ...
12:07 Hrs 13th July 2018
Last Price@605.50
Auropharma loves 600 - I love 600 - "if" Bat loves 600 - scenario becomes more sweet for upside targets
Target 1 - 612-613
Target 2 - 625 -627
Target 3 - 635-637
Potential Reversal Zone(PRZ)
PRZ for Bat is 600 - 605
Stop Loss (SL)
Below 595 - Which is danger level as mentioned in last update.
Trading Strategy ...
Hello Traders,
We have spotted a bearish bat pattern on YESBANK daily chart. Price has already entered PRZ. Trade levels are mentioned on the chart.
Good Luck!!!
PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any queries, please free to write them in comments. Thank you.
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.00003). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested ...
The stock is trading within a channel of 550-595 since November 2017. will it break that?
Let's find out - Close below 550 with volumes will indicate that.
Entry below 547 with SL of 557, for targets of 538/523/500 and below levels
Technical analysis:
. Basic Attention Token/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested ...
Technical analysis:
. Basic Attention Token/Dollar is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested ...
Technical analysis:
. Basic Attention Token/Binance Coin is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to ...
This is not a call - just a feel for markets
Nifty weakness was one of the reason why I was not willing to buy SBIN above 285 & waiting at sidelines & having patience is also a good strategy to plan your next move. Also, Become Detective & Search for clues as suggested in Tata Motors Update - If Nifty Index Slippery -cannot hold above 10850 - Plan 4 active as per ...
The uptrend line has been touched and held. Price is near a Bullish Bat completion. One can go for modified traditional bat targets. Coz its a reversal trade, it would work only if market pulls back.
For rest, the chart is self explanatory.
Keep liking.
Regards.
Index is forming the Bearish Bat pattern and last 2 bars has formed bearish Harami pattern suggesting a potential shift from prevailing bullish trend. One can attempt a short trade here if it trades below 26650 on Monday by providing suitable SL. One can also develop suitable option strategies as the options of every strike are available and active.
Disclaimer : ...
Alternate Bat has restriction as XA leg should be retraced by AB leg to 38.2% . I am considering AB leg 61.8% also workable with D point at 113%
530 - Important level for the day. Avoid Any Long Trades below 530
Trading Strategy
Plan 1 - Buy in the range 532-535 with strict stops below 530 & target 615 - 650
Plan 2 - Buy above day high@541 with stops below 530 ...
As this is a weekly chart, trade may take some time. Consider it a swing trade.
Imp: Look for a bullish candle near 303 on daily chart and go long just above the high of that candle. Wait until bullish signal.
Regards.
BasicAttentionToken/Dollar
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*If you missed our first HUNT, you have a second chance to buy above suggested support line (0.33).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether ...
