Hi friends,I was scanning XJO for harmonic patterns, and found a...

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