Aternate Bat
NOTE:  Images taken from the books on Harmonic Trading by Scott Carney
The Alternate Bat Pattern is very similar to the Bat Pattern except for the B Point Retracement. In the Bat Pattern the B Point Retracement is a range from 38.2% to 50.0% while in the Alternate Bat Pattern it is  an exact  38.2%. Unlike the Bat and the Perfect Battern whose constraints are 0.886 Fibonacci Retracement, the Alternate Bat Pattern’s Constraint is  a Fibonacci  Extension of 113.0%.
Let us take a look at the features of the Alternate Bat Pattern:
a.   Retracement of the B point at exact 38.2%%. .
b.   Retracement of the C point within a range of 38.2% to 88.6%
c.    BC projection of 200.0% to 361.8%
d.    Constraint of 113% Extension of the XA leg.
Let us draw the Pattern using the following procedures:
1. Draw a Fibonacci Retracement Grid starting from point X to point A to get where point B retraced. In this case it is exactly  38.2.%.
Alternate Bat 1
2. Draw a Fibonacci Retracement Grid starting from point A to point B to get where point C retraced. In this case it is 61.8%.%
Alternate Bat 2
3. Project BC by drawing a Fibonacci Extension from C to B using C as Point of Origin and Point of Termination. From the Alternate Bat Pattern image this should be a range from 200.0%  to 361.8% Since the constraint is a Fibonacci Extension of the XA leg, we take 361.8% which is at 0.02. We  mark 0.02 as our tentative point D or PRZ.
Alternate Bat 3
4. The next step is to draw the Constraint which is an 113.0%  Extension  of the XA leg.  We see that this 113.0% Extension falls at 0.01  lower than our tentative D of 0.02 .In cases like this the tentative D becomes the minimum PRZ and the Constraint at 113..0% becomes the Maximum PRZ. To avoid confusion, we mark the maximum PRZ  as D1 and the minimum PRZ  as D2.
Alternate Bat 4
5. This figure shows the Pattern with the corresponding Fibonacci measurements.
Alternate Bat 5
6. We now draw the Pattern by connecting the points of the two Triangles. In TRT Ich-Monics, we take the Constraint as the Final Determinant of the D  Point but we also take note of the D2 in case the stock makes a reversal on this point. This is the complete Alternate Bat Pattern.
Alternate Bat 6
7. Just like in our last lesson, to make the pattern useful, we have to draw a final Fibonacci Retracement Gridline starting from Point A to Point D to establish our TRT Critical Action Zones.

Alternate Bat 7


To better appreciate the Pattern, I would like us to take a look at some examples.
This  is MRSGI with a Bullish Alternate Bat Pattern.

MRSGI_Bullish Alternate Bat


This is EW  with a Bearish Alternate Bat Pattern.

EW_Bearish Alternate Bat
NOTE:  Sometimes some figures appear as decimals. At other times they appear as percentages. To convert decimals to percentage just move the decimal point two places to the right. For example 1.618 is expressed in percentage as 161.8%.
“TRT Ichi-Monics – The Trading Signals of Ichi Moku Kinko Hyo and the Trading Parameters of Harmonics”
NOTE: This is a trading lesson previously posted in my BooKAKA Premium. Subscribers get these lessons weekly. It is posted here so that BooKAKA Premium Subscribers can review them again and for others to see what they are missing from my posts in my BooKAKA Premium.

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