Today we are looking at a bullish alternate bat on the 1D chart with CHF/JPY.
With price creating a lower low, we can expect price to makes it's way down to D point an reverse.
Alternate bats are a powerful pattern, and indicate huge trend reversals.
Risk Ratio - 1:6
The measurements for a valid alternate bat pattern are detailed below.
B: 0.382
C: 0.382 - 0.886
D: 2.0 - 3.618
Final X to D: 1.13
With price creating a lower low, we can expect price to makes it's way down to D point an reverse.
Alternate bats are a powerful pattern, and indicate huge trend reversals.
Risk Ratio - 1:6
The measurements for a valid alternate bat pattern are detailed below.
B: 0.382
C: 0.382 - 0.886
D: 2.0 - 3.618
Final X to D: 1.13
