Thanks to reference done by pejman_zwin
🦇Bat🦇 Harmonic Pattern:
The Bat pattern is a retracement and continuation pattern that occurs when a trend temporarily reverses its direction but then continues on its original course.
It gives you the opportunity to enter the market at a good price, just as the pattern ends and the trend resumes and has a bullish and bearish version.
It is similar to the Gartley pattern but completes at an 88.6% Fibonacci retracement of the X-A leg.
A true Bat pattern will include each of the following: the AB=CD pattern or an extension of this pattern; a 161.8% to 261.8% Fibonacci extension of the B-C leg; an 88.6% Fibonacci retracement of the X-A leg.
One way of trading a bullish Bat pattern is to place your buy order at point D (the 88.6% retracement of the X-A leg)
Place your stop loss just below point X.
Draw a new Fibonacci retracement from point A-D of the completed pattern and take profit at the point where the price will have retraced 61.8% of the distance between A-D.
To trade a bearish Bat pattern (a short/sell trade), simply invert the pattern and your orders.
We will see how it goes and calculated into my portfolio of trading with chart pattern.
🦇Bat🦇 Harmonic Pattern:
The Bat pattern is a retracement and continuation pattern that occurs when a trend temporarily reverses its direction but then continues on its original course.
It gives you the opportunity to enter the market at a good price, just as the pattern ends and the trend resumes and has a bullish and bearish version.
It is similar to the Gartley pattern but completes at an 88.6% Fibonacci retracement of the X-A leg.
A true Bat pattern will include each of the following: the AB=CD pattern or an extension of this pattern; a 161.8% to 261.8% Fibonacci extension of the B-C leg; an 88.6% Fibonacci retracement of the X-A leg.
One way of trading a bullish Bat pattern is to place your buy order at point D (the 88.6% retracement of the X-A leg)
Place your stop loss just below point X.
Draw a new Fibonacci retracement from point A-D of the completed pattern and take profit at the point where the price will have retraced 61.8% of the distance between A-D.
To trade a bearish Bat pattern (a short/sell trade), simply invert the pattern and your orders.
We will see how it goes and calculated into my portfolio of trading with chart pattern.
*All chart ideas references an opinion and is for information and entertainment purposes only. It is not intended to be investment advice.
*所有图表创意均参考观点,仅供参考和娱乐目的。 它不作为投资建议。
*所有图表创意均参考观点,仅供参考和娱乐目的。 它不作为投资建议。
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
*All chart ideas references an opinion and is for information and entertainment purposes only. It is not intended to be investment advice.
*所有图表创意均参考观点,仅供参考和娱乐目的。 它不作为投资建议。
*所有图表创意均参考观点,仅供参考和娱乐目的。 它不作为投资建议。
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.