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Bearish Bat

Bearish Bat Pattern (DAILY)The Bat Pattern , is a precise harmonic pattern discovered by Scott Carney in 2001 The pattern incorporates the 88.6%XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 61.8%, preferably a 50% or 38.2% of the XA leg. The Bat utilizes a minimum 161.8%BC projection. In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 127% AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
Short
by Cryptsyxalt
4H Bat Pattern @ Support [Ranging] - Potential Bullish Bat harmonic pattern to complete at support - Support defined by a price action range that began in early August - Past Support established on 8/5, then held on 8/6 and 8/18. - 4H Candles - Long opportunity: reward to risk of roughly 1.14 to 1.0 (including spread on entry, take profit, and stop loss). - Potential Reversal Zone (PRZ): - PRZ < 12%* - 1.618 AB=CD - 1.41 BC Ext. - 0.886 XA Ret. - Potential for Oversold on RSI - Potential Bearish Bat on opposite side of range: - If Subject Bullish Bat completes and take profits are hit,I'll be looking to enter a short pos'n at the completion of the Bearish Bat if price can reach the top of the range. !!!!! IF YOU TRADE HARMONICS, READ THE ORIGINAL BOOK BY CARNEY. ALMOST ALL INTERNET EXPLANATIONS ARE INCOMPLETE !!!!!
Long
by Wil8Maltby
1
SPY looks like either a really short 3 Drives Pattern or BatFrom the chart we can see a possibly 3 Drives Pattern (dropping two successive short 1.618 statistical markers) or a larger Bat pattern that stopped at .886 on the uptrend. We are still in a larger uptrend from the original Fib extensions. The larger daily doesn't extend to 1.2168 until 370.x range so we are not greatly overextended. But the concern is the smaller pattern inside. If it confirms a 3 drives then we could see 370. If it confirms a Bat (not reaching above .886 again) then we are in a for a long term downtrend all the way statistically to 302.x That is my take it as you will. Right now I am neutral on SPY until after the election.
AMEX:SPY
by swimmax
FKLI TRADING : 197) bearish batthis is trade 197 frm haidojo trading... entry at short 1531, SL 1545, 1st tp 1515, 2nd tp 1492... the bat pattern is triggered...almost hit the SL 1545...then tdy it hits 1st tp 1515 and now going to probably 2nd tp...1492 fkli-oct is now basically led by news event...announcement of another round of mco (movement control order) on wednesday has triggered another round of selling pressure... higher-resistance : 1557-1570 ( bearish bat and gartley patterns) resistance : 1531-1540 ( bearish bat pattern) immediate resistance : 1500-1515 support : 1477-1488 lower support : 1446-1413 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
FKLI TRADING : 194) sideway market, bearish batthis is trade 194 frm haidojo trading... discover a new trade, possible bearish bat pattern...as consolidation breeds advanced patterns... entry at short 1531, SL 1545, 1st tp 1515, 2nd tp 1492... the rest remains the same as trade 193)... higher-resistance : 1557-1570 ( bearish bat and gartley patterns) resistance : 1531-1540 (bearish bat pattern) immediate resistance : 1500-1515 support : 1477-1488 lower support : 1446-1413 WARNING! RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ*
MYX:FKLI1!Short
by HAIDOJO_trading
2