Bearish Bat Harmonic Pattern

Bearish Bat Harmonic Pattern. SBI Card Formed Bat Pattern on the daily chart with a precise prz in the area of 740 This Pattern possessed three levels in tight zone of 735 742 The Bat is the most common and precise pattern and requires a smaller stop loss than other patternsThe 0886 XA retracement is the most critical level in the Bearish Bat pattern.

The bearish Bat harmonic pattern looks like a stretchedout “W” The ratios are the same except the pattern starts with a price decline from X to A AB is a move higher BC is a move lower and CD is a wave higher Point D represents where traders will watch for a decline in price which explains why it is a bearish pattern.

Bearish Bat — Harmonic Patterns — Education TradingView

The following chart shows another 5point harmonic pattern (Butterfly Bearish) This pattern is similar to the above 5point Gartley pattern but in reverse Here the pattern is “W”shaped with “B” being the center (eye) of the pattern The pattern shows trade entry stop and target levels from “D” levels using the “XA” leg.

Bat Harmonic Pattern: How to trade it? PatternsWizard

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Harmonic Patterns [ChartSchool] StockCharts.com

The bat pattern market strategy like any other harmonic pattern is a fourleg reversal pattern that follows specific Fibonacci ratios A proper Bat pattern needs to fulfill the following three Fibonacci rules AB= minimum 382% and maximum 50% Fibonacci retracement of XA leg BC= minimum 382% and maximum 886% Fibonacci retracement of AB leg.