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Bat

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.
NSE:BHELEducation
by Trade-Technique
10
HDFC BANKHDFC Bank reversed from a Bearish Harmonic Bat and now has activated a Bearish C Clamp as per Ichimoku study. It faces resistance at 1210 and it could retrace till 1130/1080 provided it does not breach above 1240 Harmonic Trading Patterns are formations based on Fibonacci Ratios which indicate reversal of a trend with retracement levels of 38-50-62% of the trend line. Ichimoku is a Japanese origin study of charts based on specific Moving Averages combined together to give a trend based signal in terms of both Price and Time.
NSE:HDFCBANKEducation
by Dinesh_C_Nagpal
3
Nifty - BankNifty - USDINR - DOWDOW Monthly Kijun has always been held since the Sub-Prime lows. If 25600-24800 gives way then 22700 would become a possible target USD INR Monthly has made a Bearish Harmonic AB=CD. Weekly has done its minimum Dragon target, further sustaining above 74.75 would take it to 77 to complete its next Dragon target Daily has also made a Bearish Harmonic AB=CD. Ideally sustaining below 74.25 would trigger a decline BANK NIFTY Monthly Kijun 28100-27400 crucial for upside. Weekly has made a Bullish Harmonic Reciprocal AB=CD also, if that fails to hold then 26500 would become a possible target. Daily has made a Bullish Harmonic Bat at FRI low NIFTY Monthly 1st support at FRI low if breached again then 10550 resistance 11200 Weekly 10850 needs to be held on closing basis else it opens for 10550 and then 9800. It also has a Bullish Reciprocal AB=CD at 10800-10750. Daily has made a Bullish Harmonic Bat at FRI low. For it to start reversing and moving up it needs to get above the following resistance lines 11050 / 11200 / 11500
NSE:NIFTYEducation
by Dinesh_C_Nagpal
1
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
NSE:NIFTYEducation
by Dinesh_C_Nagpal
1.4 The Bat PatternThe 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 The bat pattern market strategy like any other harmonic pattern is a four-leg reversal pattern that follows specific Fibonacci ratios. A proper Bat pattern needs to fulfill the following three Fibonacci rules: AB= minimum 38.2% and maximum 50% Fibonacci retracement of XA leg; BC= minimum 38.2% and maximum 88.6% Fibonacci retracement of AB leg; CD= 88.6% Fibonacci retracement of XA leg or between 1.618% – 2.618 Fibonacci extension of AB leg Step #1: How to Draw the Bat Pattern I would walk you through this process step by step. All you need to do is to follow this simple guide and see figure above for a better understanding of the process: First, click on the harmonic pattern indicator which can be located on the right-hand side toolbar of the TradingView platform. Identify on the chart the starting point X, which can be any swing high or low point on the chart. Once you’ve located your first swing high/low point you simply have to follow the market swing wave movements. You need to have 4 points or 4 swings high/low points that bind together and form the harmonic bat pattern strategy. Every swing leg must be validated and abide by the Bat pattern Forex Fibonacci ratios presented above. Step #2: How to Trade the Bat Pattern: But at the completion of wave D which should satisfy the CD= 88.6% Fibonacci retracement of XA leg The 88.6% Fibonacci ratio gives you a better risk: reward ratio which is the reason why the bat pattern market strategy is such a popular trading strategy. The ultimate entry point is the 88.6% Fibonacci retracement which is a very precise market turning point. We recommend entering as soon as we touch the 88.6% figure because often times and based on our backtesting results we have found out that the harmonic bat pattern strategy doesn’t go much beyond this level. Step #3: Place the Protective Stop Loss below Wave X Normally you want to place your protective stop loss below the point X of a harmonic bat pattern. That’s the logical place to hide your stop loss because any break below will automatically invalidate the Bat pattern. Step #4: How to Trade the Bat Pattern – Take TP1 at Wave C and TP2 at Wave A There can be many ways to manage your trades, but the optimal target for this pattern should be to implement a multiple take profit strategy. For the Harmonic Bat pattern strategy, we’re going to take the first partial profit once we hit wave-C level and the remaining half once we break above wave-A
NSE:NIFTYEducation
by Fibonacci_Club
Nifty: The Bat PatternHi All, 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 targets can only be derived after looking at the price action above 10650 level. What if 10140 is breached ( either after hitting above targets or otherwise). In that scenario, I will be bearish for 10000 psychological level target and the extended 9700-9750 target zone. Hope this brief analysis will help some traders to plan their trades well. Happy weekend and wish u all a more profitable week ahead. Regards
NSE:NIFTYEducation
by Bravetotrade
The Perfect Bullish Bat Below 10094Hi 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 trading and I need to be flexible in this profession. The stubborn will be blown away by the winds, but only the flexible will survive the storms. Current observations: Below the level 10094, I would assume that it is a bullish BAT pattern which is under formation. I called it a PERFECT BAT because the B leg retraced exactly 0.5 of A leg; also the B-C projection at D comes out to be exactly 2 times; and the A-B-C extension at D is exactly 1.618 as a complemetary confluence. These are all traits of a perfect BATpattern. For me the BAT would be in action below 10094. A conservative approach would be to wait till 10013 where AB=CD completes and also 10000 could also act as a psychological support. But break of 10K would trigger stops for long traders and may attract new shorts. So I would call 10000-10094 as the key level to watch out for the next week. The PRZ for the BAT falls at 9780, I would call 9780-9687 as a strong support zone below the 10K mark. If this support zone holds, a bounce of the order of 38.2% to 61.8% can be seen ( which would be 10020 to 100169 resp.) The question of complete reversal from this zone should be left unanswered as of now. Other Possibilities: It is possible that the 10094 holds and market rebounds from there. In that case, I would like to see the index above the red downtrend line in order to be bullish. It is also possible that the market consolidated between the red trendline and 10094 before giving any decisive move. Cycle study: Market reacted before its 25 day uptrend cycle, so I expect some sort of reversal at the end of this cycle. But this time it could be an upward reversal. I ll have reassess the situation at the cycle completion. So, my post has short term bearish undertones, with the expectations of intermittent bounces in the market. For long term I am still bullish but I need specific levels for that. With a regret that I am not able to update during the week, I hope you guys will find this post useful and take your trading decisions with care. Do hit the like button for better posts ahead. Trade safe, stay healthy. Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
5
Bat , Gartley Pattern - Educational Series 2Hi All, 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 opportunities after confirmation. C can be consider as interest point in anticipation of BAT pattern formation after confirmation. Gartley Pattern : XABCD are the point to be considered with ratios as shown in diagram Difference in Gartley pattern and bat pattern is fall of Leg AB and fall of leg CD as shown in figure in blue color D and C Points remain interest points for trade.
NSE:NIFTYEducation
by neneram
5