“Bearish Bat” Harmonic Pattern Stock Screener

The Bearish Bat harmonic pattern is a technical analysis formation that helps traders identify potential reversal points in financial markets by combining specific price and Fibonacci ratio relationships, enabling them to make more informed short-selling decisions

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This post focuses on customizable factory scans associated with Bearish Bat harmonic pattern, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

Display recent bearish Bat harmonic patterns

Tags:

List symbols where pattern is Bat Bearish

Add Column Bat Bearish Status as Status
Add Column Bat Bearish Target as Target
Add Column Bat Bearish Date as Date

Apply to NSE

Plot

This scan is designed to identify NSE symbols that have exhibited a recent Bearish Bat harmonic pattern formation.

The scan output report not only lists this pattern but also provides insights into its current status, indicating whether it is confirmed, unconfirmed, or if the price target associated with the pattern has already been reached.

The report further includes information about the target level and the date on which the pattern was triggered.

Confirmed bearish Bat harmonic patterns

List symbols where pattern is BatBear
and BatBearStatus = Confirmed

Add Column BatBearStatus as Status
Add Column BatBearTarget as Target
Add Column BatBearDt as Date
Add Column PatternName

Apply to NSE

Plot

This particular scan code exclusively focuses on confirmed Bearish Bat harmonic patterns.

For insights into the Bearish Bat harmonic pattern, including the structure of the pattern, the psychology underlying it, how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.

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