i will be shorting this based on bearish bat and Clone Resistance around 0.6550. I will be entering at market price with stop loss at 0.656 and take profit is open for now.
I am little confuse, AB leg is not 50% of XA, would really appreciate, if you explain, whats the criteria for bat pattern, what are the maximum and minimum values for AB leg.
GcNaif
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it can be between 40-55, but different traders use differently, i m flexible with ratios ,if they are close enough. . By book its 50