Читать книгу Encyclopedia of Chart Patterns - Thomas N. Bulkowski - Страница 61

Figure 4.1 shows an example of a bearish bat. The pattern begins at X, which is any significant turn. The locations of points A and B follow, but their placement is determined by one of two Fibonacci numbers. Once points XAB are found, the search for C can begin using one of six Fibonacci numbers. Following that, if you're lucky, D will appear close to one of four Fibonacci numbers. One last number, .886, helps validate the pattern. All of that gibberish means this pattern is complicated, and that makes it rare.

If you're handy with a slide rule (remember those?), then you'll be wasting your time searching for a bat. Even using a fancy electronic calculator will take too much time to find a bat. Use a computer with pattern‐finding software. I have a free one on my website called Patternz which will find this pattern and dozens of others. Try using it if you're serious about finding bats.

Even for a bearish bat, this example looks weird because of the uneven bottoms (A and C). Volume trends upward (E) when Table 4.2 says the average pattern shows a downward trend. As bad as this bat looks, it performs exceedingly well, with price dropping to F. This bearish bat is indeed bearish.

Figure 4.1 The five turns, X, A, B, C, and D, complete the bearish bat.

A swing trader taking a position just after D forms and watching the stock go all the way down to F might start dreaming about bats. Maybe even build some bat houses and hang them on his (or her) property. Here's a hint: a nearby pond is a plus. Let's return to trading bats. First, we have to find them.