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In financial trading, a "bearish bat" is a specific pattern identified within the field of technical analysis. It's considered a harmonic pattern, which means it's based on geometric price patterns found in the market.

The bearish bat pattern consists of four price moves, which form specific Fibonacci ratios. These moves are labeled XA, AB, BC, and CD. The pattern suggests potential bearish reversal opportunities. The main characteristics of a bearish bat pattern include:

1. **Initial Move (XA)**: This is the first move in the pattern, usually representing the initial impulse in price.

2. **Retracement (AB)**: After the initial move, the price retraces a certain percentage of the XA move. This retracement typically falls within the range of 0.382 to 0.50 Fibonacci retracement of XA.

3. **Extension (BC)**: Following the AB retracement, the price makes a move in the opposite direction, known as BC. This move typically extends beyond the XA move, usually by a ratio of 0.382 to 0.886 Fibonacci extension of AB.

4. **Final Move (CD)**: Finally, the price makes another move against the BC move, forming the CD leg. This move usually retraces a significant portion of the BC move, often ranging from 0.382 to 0.886 Fibonacci retracement of BC.

When all these moves align according to specific Fibonacci ratios, traders may identify a potential bearish reversal opportunity. However, as with any technical analysis pattern, it's essential to combine it with other forms of analysis and risk management techniques before making trading decisions.