In this episode of Bat week we have a Bullish Bat
pattern on the NZD/USD
. This bat formation
seems to be reversing bang on the D point, however, this trade is incorrect and has been rendered a FALSE pattern. Reason? the CD extension of the BC
wave calculates to 283.20% This does not fall in line with out ratios, but is often overlooked when traders are too busy counting B, C and D points. Stay Aware! This trade may come in as it has actually hit major weekly support. The . 886 retracement
just happens to fall on the weekly support. Look bellow for other bat patterns- looks like 2017 is in fact THE YEAR OF THE BAT!