The Alternate Bat Pattern

Bullish Bearish

  The Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2003. The pattern incorporates the 1.13XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 0.382 retracement or less of the XA leg. The Bat utilizes a minimum 2.0BC projection. In addition, the AB=CD pattern within the Bat is always extended and usually requires a 1.618AB=CD calculation.  The Alternate Bat is an incredibly accurate pattern that works exceptionally well in the RSI BAMM divergence setup.

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