Bullish Bat Pattern
Bat Pattern Rules
Point B of a typical Bat pattern ranges from 0.382 to 0.50 retracement of the XA swing.
And…
BC= 38.2% to 88.6% Fibonacci retracement of the AB leg.
CD= 88.6% Fibonacci retracement of the XA leg.
And CD must also represent 1.618 – 2.618 Fibonacci extension of the AB leg.
Bat Pattern Rules
Point B of a typical Bat pattern ranges from 0.382 to 0.50 retracement of the XA swing.
And…
BC= 38.2% to 88.6% Fibonacci retracement of the AB leg.
CD= 88.6% Fibonacci retracement of the XA leg.
And CD must also represent 1.618 – 2.618 Fibonacci extension of the AB leg.
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.
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.