What is a bearish bat pattern?

The bearish Bat pattern is one of four major harmonic trading patterns. The other three include the Gartley pattern, Butterfly pattern, and Crab pattern. The Bat pattern offers the best reward to risk profile of all these other harmonic structures. This is due to the deep retracement that is required to validate the bat formation.

What is a bearish & bullish bat pattern?

Two powerful tools that professional traders often rely on are the Bearish and Bullish Bat Harmonic Patterns. These patterns, grounded in Fibonacci ratios,... The Bat is defined by the .886 retracement of move XA as Potential Reversal Zone. The Bat pattern has the following qualities: Move AB should be the .382 or .500 retracement of move XA.

Where can I find a bearish bat?

The bearish bat often resembles a big W chart pattern except that the turns are located using Fibonacci ratios. It's a rare pattern, so don't expect to find it in your attic anytime soon. With so many complicated turns, you'll need better than 20/20 vision and a flashlight to find them, too.