The
Bat Pattern
The Bat pattern is a precise
harmonic pattern discovered by Scott
Carney in 2001. The pattern incorporates the 0.886XA retracement,
as the defining element in the Potential Reversal Zone (PRZ). The B
point retracement must be less than a 0.618, preferably a 0.50 or
0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection.
In addition, the AB=CD pattern within the Bat is extended and
usually requires a 1.27AB=CD calculation. It is an incredibly
accurate pattern and requires a smaller stop loss than most
patterns.
Bullish
Bearish
