This is not the harmonic pattern as Gartley defined. Can you please give me the reference to such kind of harmonic patterns?
jlb17ww2
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@JaDeVin, Hey! I got the pattern from a book called "Harmonic Trading Volume 2" by Scott Carney. His books are excellent if you want to understand how to trade the different harmonic patterns!
The alternate bat has the following characteristics:
It is an M type structure (like the gartley) that utilizes a 1.13 XA extension rather than the normal .886 XA extension you would find in a bat. The BC extension ranges from 2.0 - 3.618, but it is normally a 2.618 BC or 3.14 BC extension. Another major character of the alternate bat is an initial retracement of the A leg to .382 (a bat normally has a .50 A leg retracement). I hope this makes sense.