he Bat pattern requires some very specific rules that be followed strictly to be considered valid.
RULES:
B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or
38.2% retracement.
•D point need to be in the rage of BC projection. And BC projection must be at least 1.618 and maximum 2.618.
• AB=CD pattern is usually extended. (CD= 1.27 AB or CD=1.618AB or AB=CD, depends on which gives the most compact PRZ)
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886 of AB
3 elements define the PRZ:
0.886 XA retracement.
BC Projection- we will choose the projection give the most compact PRZ
AB=CD and its alternatives
RULES:
B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or
38.2% retracement.
•D point need to be in the rage of BC projection. And BC projection must be at least 1.618 and maximum 2.618.
• AB=CD pattern is usually extended. (CD= 1.27 AB or CD=1.618AB or AB=CD, depends on which gives the most compact PRZ)
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886 of AB
3 elements define the PRZ:
0.886 XA retracement.
BC Projection- we will choose the projection give the most compact PRZ
AB=CD and its alternatives