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Gartley Pattern

Bat Pattern

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Bat Chart Pattern

Bat Chart Pattern is a member of chart pattern, it considered as an extend ot Gartley pattern we talked about before, the different in this pattern that the bull back after the impulisve wave dosen't reach the 68 fibonacci line, then it goes in the main trend direction for a while but till the line 23.

It's very similar to Gartley pattern, actuly it consider a failed Gartley pattern, but fortunately it draws another effective pattern which is our pattern in this lesson, the bat pattern.

So after teaching the 23 line, it resumes going opposite the trend direction till touch the 88 Fibonacci line, the start to go in the trend direction again, and here we can open a position according to you money management system you used to following.

Below is a samble from the real trading life, go back to that date and it's better to make a backtesting to see and understand the stock moves.

This is very nice sample, I got this in March 18, at 11:55 AM using EUR/JPY pair 5 min time frame, check that date in your framework and try to get used of the pattern to catch it easily bu the time.

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