The 0.886 XA retracement is the most critical level in the Bearish Bat. Since this
retracement occurs close to the prior low—which is the initial starting point (X) of the pattern
the price action represents a substantial challenge of prior support.
The 0.886 XA retracement is the most critical level in the Bearish Bat. Since this
retracement occurs close to the prior low—which is the initial starting point (X) of the pattern
the price action represents a substantial challenge of prior support.