UnknownUnicorn38199698

UnknownUnicorn38199698

The AB=CD pattern is easy to identify on charts and consists of 2 equivalent price legs. It has specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The C point must retrace to either a 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. When the BC projection and the AB=CD completion converge...

UnknownUnicorn38199698

The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern , except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13...

UnknownUnicorn38199698

The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13...

UnknownUnicorn38199698

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...

UnknownUnicorn38199698

The bat pattern is a pattern of security prices over a specific period. The theory behind the bat pattern is that it provides a trader a good basis for predicting the future security price, as it will move in that same pattern again. You can see an example bat pattern in the figure below. This pattern indicates that after point D, the price will rise again. As you...

UnknownUnicorn38199698

The bat pattern is a pattern of security prices over a specific period. The theory behind the bat pattern is that it provides a trader a good basis for predicting the future security price, as it will move in that same pattern again. You can see an example bat pattern in the figure below. This pattern indicates that after point D, the price will rise again. As you...

UnknownUnicorn38199698

The bat pattern is a pattern of security prices over a specific period. The theory behind the bat pattern is that it provides a trader a good basis for predicting the future security price, as it will move in that same pattern again. You can see an example bat pattern in the figure below. This pattern indicates that after point D, the price will rise again. As you...