The Bat pattern is similar to the Gartley pattern in that it is a retracement and continuation pattern that occurs when a trend temporarily reverses its direction but then continues on its original course.
1- sL will be the X point
2- TP1 will be 38% of the AD R
3- TP 2 will be 61% of the AD R
1- sL will be the X point
2- TP1 will be 38% of the AD R
3- TP 2 will be 61% of the AD R
Trade closed: target reached:
target hit