NZDJPY - Potential Bearish Bat
Bat pattern is primarily defined by a precise 50% retracement at the
B point
1. Mandatory 50% B point retracement of the XA leg.
2. Precise 0.886 D point retracement of the XA leg as the defining limit within the PRZ.
3. 2.0 BC projection.
4. Alternate 1.27 AB=CD pattern required.
5. C point should be in the 50–61.8% range.
B point
1. Mandatory 50% B point retracement of the XA leg.
2. Precise 0.886 D point retracement of the XA leg as the defining limit within the PRZ.
3. 2.0 BC projection.
4. Alternate 1.27 AB=CD pattern required.
5. C point should be in the 50–61.8% range.
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