Hi All,
Continue with Patterns :
Bat Pattern : XABCD are the point to be considered with following ratios
AB (fall) = 0.38 or 0.5 times XA (rise)
BC (rise) = 0.382 or 0.886 times AB (fall)
CD (fall) = 1.618 or 2.618 times BC (rise)
Interest point would be point D after completion of pattern as potential reversal zone (PRZ) , looking for buying opportunities after confirmation.
C can be consider as interest point in anticipation of BAT pattern formation after confirmation.
Gartley Pattern : XABCD are the point to be considered with ratios as shown in diagram
Difference in Gartley pattern and bat pattern is fall of Leg AB and fall of leg CD as shown in figure in blue color
D and C Points remain interest points for trade.
Continue with Patterns :
Bat Pattern : XABCD are the point to be considered with following ratios
AB (fall) = 0.38 or 0.5 times XA (rise)
BC (rise) = 0.382 or 0.886 times AB (fall)
CD (fall) = 1.618 or 2.618 times BC (rise)
Interest point would be point D after completion of pattern as potential reversal zone (PRZ) , looking for buying opportunities after confirmation.
C can be consider as interest point in anticipation of BAT pattern formation after confirmation.
Gartley Pattern : XABCD are the point to be considered with ratios as shown in diagram
Difference in Gartley pattern and bat pattern is fall of Leg AB and fall of leg CD as shown in figure in blue color
D and C Points remain interest points for trade.