Euro / DollaroLong
EUR/USD
A Bullish Bat pattern is a type of harmonic chart pattern that signals a potential reversal in a downtrend, indicating a buying opportunity. The pattern consists of four legs (X-A, A-B, B-C, and C-D) and specific Fibonacci retracement and extension levels that define the pattern precisely. Here’s a breakdown of the precise characteristics of the Bullish Bat pattern:
X-A Leg: The initial leg of the pattern.
A-B Leg: Retraces 38.2% to 50% of the X-A leg.
B-C Leg: Retraces 38.2% to 88.6% of the A-B leg.
C-D Leg: Extends 161.8% to 261.8% of the B-C leg and ideally completes at 88.6% of the X-A leg.
X-A Leg: The initial leg of the pattern.
A-B Leg: Retraces 38.2% to 50% of the X-A leg.
B-C Leg: Retraces 38.2% to 88.6% of the A-B leg.
C-D Leg: Extends 161.8% to 261.8% of the B-C leg and ideally completes at 88.6% of the X-A leg.
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