The bat pattern is one of the types of harmonic patterns in technical analysis that provides very good conditions for entering into a profitable transaction. This pattern can appear on the price chart in both ascending and descending bats.
Harmonic trading is a type of technical analysis that is widely used in the Forex, futures and stock markets. Harmonic trades use certain price patterns that are created based on certain Fibonacci ratios.
Harmonic patterns can be classified as both internal and external patterns. Internal patterns include patterns such as the Gartley pattern and the bat pattern
The RSI, which stands for Relative Strength Index, is calculated by complex mathematical relationships.
The MACD stands for Moving Average Convergence Divergence. This phrase means convergence and divergence of the moving average. This indicator was invented by Mr. Gerald Appel.
