The Harmonic Bat is a variation to the Gartley pattern which was developed by Scott Carney. It is considered to be one of the more accurate patterns exhibiting a higher success rate than any other harmonic patterns . The bat pattern might look similar to a Gartley 222 Butterfly pattern but differs only minutely in terms of the Fibonacci ratios between the swing/ pivot points .
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I opened a short deal and the SL will be a little bit above the X point.
TP1 will be the 38% retracement of AD, TP2 will be the 61% retracement of AD.
good luck)
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I opened a short deal and the SL will be a little bit above the X point.
TP1 will be the 38% retracement of AD, TP2 will be the 61% retracement of AD.
good luck)