8020MALATH COOPERATIVE INSURANCE CO.In financial trading, a "bearish bat" is a specific pattern identified within the field of technical analysis. It's considered a harmonic pattern, which means it's based on geometric price patterns found in the market.
The bearish bat pattern consists of four price moves, which form specific Fibonacci ratios. These moves are labeled XA, AB, BC, and CD. The pattern suggests potential bearish reversal opportunities. The main characteristics of a bearish bat pattern include:
1. **Initial Move (XA)**: This is the first move in the pattern, usually representing the initial impulse in price.
2. **Retracement (AB)**: After the initial move, the price retraces a certain percentage of the XA move. This retracement typically falls within the range of 0.382 to 0.50 Fibonacci retracement of XA.
3. **Extension (BC)**: Following the AB retracement, the price makes a move in the opposite direction, known as BC. This move typically extends beyond the XA move, usually by a ratio of 0.382 to 0.886 Fibonacci extension of AB.
4. **Final Move (CD)**: Finally, the price makes another move against the BC move, forming the CD leg. This move usually retraces a significant portion of the BC move, often ranging from 0.382 to 0.886 Fibonacci retracement of BC.
When all these moves align according to specific Fibonacci ratios, traders may identify a potential bearish reversal opportunity. However, as with any technical analysis pattern, it's essential to combine it with other forms of analysis and risk management techniques before making trading decisions.
8020 trade ideas
8020| Malath Insurance📊 Malath Insurance stock
📈It is trading within an ascending channel and succeeded in testing its bottom
🔖The bottom of the channel is at 12 riyals, its middle is at 25, and its ceiling is at 45 riyals
🔖 A new Elliott wave is promised at 145% 🚀 and breakout the channel at 45 riyals
🏹Goals: starting from 20.05 to 45 riyals
🏷️ Current price is 19.78 riyals
🎯Next goal: 20.05 riyals
👇🏻 The rest of the goals and details are in the drawing
Good luck!
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8020 MALATH COOPRATIVE INSURANCENO LIQUDITY SWEAP NO ENTRY.
STRUCTURE IS CHANGING ANYTIME.
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
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SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
DISCLAIMER- This is not financial advice.