Hi friends,
I was scanning XJO for harmonic patterns, and found a bearish bat pattern "developing" in the price chart as follows. I say "developing" because the geometric measurements are close and near to the defined formed bat pattern, though they were not exactly so...thus rendering it a "safer" comment that the pattern is "developing" rather than perfectly formed as defined. Whether it will run to its completion and lead to a correction, the presence of this developing pattern still makes interesting reading, and so I thought I'll share this chart here as well.
Other links relating to Bat pattern that might be interesting:
1.What is a Bearish and Bullish Bat
Bullish & Bearish Bat Pattern
2. Harmonic Patterns, their Constituent Ratios, and their Historical Predictive Accuracy.
Historical record of Predictive Accuracy
Have great times trading!
dascore
interesting pattern developing
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