Hi Alexander.
In your rules for Bat patterns there seems to be an anomaly. Would you mind please clarifying?
Is BC leg not to touch 88.6 OR cannot exceed A? See extract from your rules below:
Note: BC move remains valid as long as there is at least a 38.2% retracement of AB and that it does not touch the 88.6% retracement of AB. Only candlewick is calculated here. Candle close is not important.
Variations: BC move remains valid as long as there is at least a 38.2% retracement of AB and that it does not touch the A. Only candlewick is calculated here. Candle close is not important.
Alexander_Nikitin
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@mitch808633, No anomaly at all. Standard rules presuppose the C-point to lay within 0.382-0.886AB. But some traders (Including me) concider teh C-point to be ok if it lays within 0.382-1AB. 1AB means not exceed A.
mitch808633
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@Alexander_Nikitin, well if not an anomaly then a contradiction. You can't say one minute the RULE is "can't touch the 88.6 the the very next minute change the RULE and say - oh, it's still a valid pattern if it touches the 88.6 but doesn't exceed A ????
Alexander_Nikitin
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@mitch808633, Mate. There are variations. Read it attentively V-A-R-I-A-T-I-O-N-S. One can choose between the two sets of rules 0.382-0.886AB or 0.382-1AB. Mine is the second. What is so difficult about this?