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Harmonic patterns

Alternate Bat harmonic pattern: Definition

The Alternate Bat pattern is popular for incorporating the 1.13XA retracement. Firstly, an important factor is the B point retracement that must be 0.382 retracements or it must be less of the XA leg.  Furthermore, it only utilizes a 2 or more BC projections.  The AB = CD pattern within the alternate bat pattern always […]

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Harmonic patterns

XABCD Harmonic Pattern: Full Guide

Chart patterns provide so many smart ways of applying harmonic patterns in your chart. Some of them are fully automated approaches and some of them are semi-automated approaches. One of them is using the XABCD harmonic chart pattern. The XABCD harmonic is a group of reversal patterns. It’s a 4-legged pattern and has several variants […]

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Harmonic patterns

5-0 Harmonic Pattern: Complete guide [2020]

The 5-0 pattern is a reversal harmonic pattern. It follows specific fibonacci ratios (which you can read more below) What is the 5-0 harmonic pattern? Just as it is with the shark pattern, the 5-0 harmonic pattern is a relatively new pattern discovered by Scott Carney. Carney spoke about this pattern in the second book […]

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Harmonic patterns

Three Drives Harmonic Pattern Explained

Trading with technical analysis demands traders to depend mostly on a mixture of technical indicators and trade based on the signals from this approach. Apart from using technical indicators, traders also utilize chart patterns to base their trading decisions, whether to sell or buy. In this article, we’ll deep dive into the Three Drives harmonic […]

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Harmonic patterns

Bat Harmonic Pattern: How to trade it?

The Bat harmonic pattern is close to the Gartley pattern. It is a retracement and continuation pattern that comes up when a trend temporarily changes its direction but then continues on its original course. The Bat harmonic pattern is a reversal pattern. It follows specific Fibonacci ratios (see below for more) What is the Bat […]

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Harmonic patterns

Shark Harmonic Pattern: Full Guide [2020]

When it comes to harmonics, trading forex is very similar to the animal world. After crabs and butterflies, sharks have come to share their name with popular five-point patterns used in trading. A very new pattern, the shark harmonic pattern, was discovered by Scott Carney in 2011 and is similar to the cypher and crab […]

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Harmonic patterns

Butterfly Harmonic Pattern: Trading Secrets

When you decide to trade, the secret to becoming successful is in reading patterns. Harmonic price patterns take geometric price patterns to the next level by applying Fibonacci numbers to define specific turning points. Unlike other more trading processes, this pattern tries to predict future price movements. In this article, we’ll go into details of […]

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Harmonic patterns

Cypher Harmonic Pattern: Definition & Strategy

The cypher pattern trading strategy teaches traders how to correctly trade and draw the cypher pattern. The cypher harmonic pattern can be used on its own and provide traders a profitable forex trading strategy. It is not surprising that geometric patterns are used in forex charts. And the cypher harmonic pattern is a very good […]

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Harmonic patterns

Crab & Deep Crab Harmonic Pattern: The ultimate guide [2020]

Harmonic trading is a kind of technical analysis generally used across futures, stocks and forex. Harmonic trading makes use of particular price patterns which are subject to alignment of specific Fibonacci extension and retracement levels. As a result of the combination of the structure of the pattern and the Fibonacci ratios, harmonic trading detects potential […]

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Harmonic patterns

How to trade a Gartley harmonic pattern?

The Gartley pattern is a 4-legged harmonic pattern It can be bullish or bearish It follows clear fibonacci levels (see the Gartley ratios paragraph for detail) What is the Gartley pattern? The Gartley pattern is the most commonly used harmonic pattern that is based on Fibonacci numbers and ratios. This pattern offers assistance to traders […]