BTCUSD - Invalid Bat structure
This would have been a Nice Bat structure with
the exception of the C leg exceeding past 0.886 and even
violating the A leg by a few pips.
so why am i sharing this idea?
im still watching to see if we will get bullish momentum from
this harmonic support. Speculative.
Bat Pattern Elements:
• B point at a less than a 0.618 retracement of XA, preferably a distinct 50% or 38.2% retracement.
• BC projection must be at least 1.618.
• AB=CD pattern is usually extended.
• 0.886 XA retracement.
• C point with range between 0.382 and 0.886.
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