XBTUSD Swing Trading : Potential Bat Pattern
The Bearish Bat is a variation to the Gartley pattern.
The Bearish Bat pattern has the following characteristics which can be used to identify the Bat pattern.
AB leg can retrace between 38.2% – 50% of XA leg
BC leg can retrace between 38.2% – 88.6% of AB leg
CD leg can retrace up to 88.6% of XA leg
CD leg can also be an extension of between 1.618% – 2.618% of AB leg
We have 2 potential trades here.
We can trade CD leg Long, and we can trade Short after potential Bat Pattern completion.
Disclaimer:
Always do your own research .
We are not registered or licensed to provide investing advice or anything of an advisory or consultancy nature.
The Bearish Bat pattern has the following characteristics which can be used to identify the Bat pattern.
AB leg can retrace between 38.2% – 50% of XA leg
BC leg can retrace between 38.2% – 88.6% of AB leg
CD leg can retrace up to 88.6% of XA leg
CD leg can also be an extension of between 1.618% – 2.618% of AB leg
We have 2 potential trades here.
We can trade CD leg Long, and we can trade Short after potential Bat Pattern completion.
Disclaimer:
Always do your own research .
We are not registered or licensed to provide investing advice or anything of an advisory or consultancy nature.
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.