Bat

Bat

The Bat pattern is a variation of the harmonic pattern Gartley pattern. The outlines of these patterns are the same, the difference is in Fibonacci ratios that define the positions of the main points.

Bat trading pattern

Let’s have a look at the parameters of a Bat pattern:

  1. Point B is at the 38.2-50% retracement of XA.
  2. Point C can be at the 38.2%-88.6% retracement of AB.
  3. Point D can be found at the 161.8%-261.8% extension of AB or at the 88.6% retracement of XA.

How to trade Bat pattern

  1. The entry is at the point D. As usual, a confirmation of the market’s reversal here is necessary.
  2. Take Profit may be at 61.8% of CD (TP1), 127.2% of CD (TP2), and/or the projection of XA from D (TP3).
  3. Put a Stop Loss in line with your rules of risk management.

Let's have a look at the example of the bullish Bat pattern on the chart.

the bullish Bat pattern on the chart

You can see that the point B is at about the 61.8% retracement of XA, the point C is at the 88.6% retracement of AB, while the point D is near the 88.6% retracement of XA. The Fibo ratios are not exactly the same as at the scheme, but they are close enough. Notice that a "harami" candlestick pattern was formed at the point D confirming the price's reversal to the upside.

Latest news

Chinese yuan is in focus

China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!

US Federal Judge stopped TikTok's ban

China's industrial rebound, progress in US fiscal stimulus and other important news in this article.

US stimulus package improved sentiment

The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera