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Bat Pattern

Bat Pattern

AdvancedHarmonic PatternsNeutralReliability 63%

Pattern Formation

20 / 20 candles
1,1101,0851,0601,0351,01098501/0101/0301/0501/0701/0901/1101/1301/1501/1701/19
Speed

Statistics

Target Hit Rate
61%
Average Move
15%
Failure Rate
16%
Avg Formation Days
38 days
Volume Confirmation Boost
+11%

Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.

A 5-point (X-A-B-C-D) harmonic pattern discovered by Scott Carney in 2001. B is positioned at a shallow 0.382-0.5 retracement of XA, and D is at the 0.886 retracement of XA. Compared to the Gartley, point D is closer to X, capturing reversals at deeper retracements.

Formation Conditions

  • The X-A impulse leg must be clearly defined
  • The A-B retracement must be at 0.382-0.5 of XA
  • The B-C retracement must be 0.382-0.886 of AB
  • Point D must be at the 0.886 retracement of XA
  • Point D must not exceed point X

Entry Condition

Enter when point D (0.886 XA retracement) is reached and a reversal candlestick pattern is confirmed. Long at point D for a bullish bat, short for bearish.

Target Calculation

First target: 0.382 retracement of A to D. Second target: 0.618 retracement of A to D. Maximum target: A level.

Stop Loss Rule

Place a stop-loss slightly beyond point X. If point D exceeds X, the pattern is invalid; exit immediately. The bat has D close to X, providing favorable risk-reward ratios.

Volume Profile

Volume increase at point D's reversal is ideal. Particularly reliable when volume increases at a D point precisely at the 0.886 XA level.

False Signal Detection

  • If B's retracement is 0.618 or more, it may be a Gartley rather than a bat
  • If D exceeds X, the pattern is invalid (possibly a crab pattern)
  • Since D is very close to X, managing the risk of X being breached is critical
  • A 0.886 deep retracement may indicate trend extension rather than reversal
  • If ABCD ratios are imprecise, consider alternative patterns

Related Indicators

Fibonacci retracementRSI (divergence confirmation)MACDVolume

Related Patterns

ABCD PatternGartley PatternButterfly Pattern

Learn More

View in Cheatsheet →View Glossary →