HARMONIC PATTERNS

The Bat Harmonic Pattern

The pattern is a 5-point retracement structure that was discovered in 2001 by Scott Carney. It has particular Fibonacci measurements for every point within its structure. It is necessary to note that D is not a point, but rather a zone in which price is probably going to reverse. This zone is known as the Potential Reversal Zone (PRZ).

BANK MONEY WITH THE BAT

What does the Bat Harmonic Pattern tell us as a trader?

The harmonic pattern offers traders the opportunity to enter the market at a good price, just as the bat pattern completes and the trend resumes. The main difference of this pattern to the Gartley pattern is where it completes – at an 88.6% Fibonacci retracement of the X-A leg. Its inner retracements are also slightly different.

The harmonic pattern teaches traders how to trade the bat pattern and begin earning money with a new exciting approach to technical analysis. The market strategy of the pattern is part of the harmonic trading patterns system of trading. Just as it is with many harmonic patterns, there is a bullish and a bearish version of the bat harmonic pattern.

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