Gbambam
Short

USDCAD BEARISH BAT

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello All,

Bearish Bat on USDCAD             .

Good Luck.

Hi

I am pretty new to harmonic patterns but really keen to use them more, so I have a question...

I have a cheat sheet which shows Bearish Bat formation with the ratio from X to B as between 0.382 and 0.5, and ratio of X to D as 0.886.
I notice that your plot does not quite fit these "rules". Is this because the rules are not strictly necessary or because my cheat sheet is wrong?

Thanks
Reply
Gbambam jackjamesholmes
@jackjamesholmes, No problem there are many variation of bat. However my X to B leg may have exceed the 0.50 but it did not violate it as we pushed down and had a candle close at the 0.50. And taking a fib from X to A to get the D leg is 88.6
Reply
@Gbambam, Thanks, that helps me understand the idea
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out