Developed by Scott Carney, the harmonic bat pattern, a variation of the Gartley harmonic pattern, is a 5-point retracement structure composed of Fibonacci measurements used to create a potential reversal zone, or PRZ.
Updated August 2020 While some disregard harmonic trading, others are incapable of operating without it. The Gartley pattern, sometimes referred to as a Gartley 222, was introduced by H.M. Gartley in his book Profits in the Stock Market[1], in 1935. Nowadays, however, many traders follow the teachings of Scott M. Carney. In his book, The … Continue reading Trading the Gartley Harmonic Pattern
