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Harmonic Pattern Guide
Harmonic Pattern Guide
define precise turning points. Unlike other common trading methods, Harmonic trading attempts to
predict future movements. Let's look at some examples of how harmonic price patterns are used to trade
Advantages
Disadvantages
Need to hv clear concept of Fibonacci to understand HARMONIC
Target 102,97
102 achieved
Now let’s move on
Primary projection-1.618
For example 👇🏻
ABCD pattern or
AB= CD pattern
This is bullish ABCD pattern (it’s a buy @ point D) in this pattern AB=CD and reciprocal to each other
And so on.....
XB = 0.382,0.50
AC= 0.382,0.886
BD=1.618,2.618
XD=0.886
Bearish BAT pattern
XB = 0.382,0.50
AC= 0.382,0.886
BD=1.618,2.618
XD=0.886
But for perfect BAT pattern symmetry should be👇🏻👇🏻
Perfect BAT pattern
XB = 0.50
AC= 0.50,0.618
BD=2.0
XD=0.886
Next pattern - Gartley pattern
XB = 0.618
AC= 0.382,0.886
BD= 1.13,1618
XD=0.786
Bearish Gartley pattern
XB = 0.618
AC= 0.382,0.886
BD= 1.13,1618
XD=0.786
But for perfect Gartley pattern symmetry should be👇🏻👇🏻
Perfect Gartley pattern
XB = 0.618
AC= 0.618
BD= 1.618
XD=0.786
Next pattern- Crab 🦇 pattern
XB = 0.382,0618
AC= 0.382,0.886
BD= 2.618,3.618
XD= 1.618
Bearish Crab 🦇 pattern
XB = 0.382,0618
AC= 0.382,0.886
BD= 2.618,3.618
XD= 1.618
But for perfect Crab 🦇 pattern symmetry should be👇🏻👇🏻
Perfect Crab 🦇 pattern
Symmetry should be-
XB = 0.618
AC= 0.50,0.618
BD= 3.14
XD= 1.618
Next pattern - Butterfly 🦇 pattern
XB = 0.786
AC= 0.382,0.886
BD= 1.618,2.24
XD= 1.27
Bearish Butterfly 🦇 pattern
XB = 0.786
AC= 0.382,0.886
BD= 1.618,2.24
XD= 1.27
But for perfect Butterfly 🦇 pattern symmetry should be👇🏻👇🏻
Perfect Butterfly 🦇 pattern
Symmetry should be-
XB = 0.786
AC= 0.50,0.886
BD= 1.618
XD= 1.27
Next Pattern - Cypher pattern
XB = 0.32, 0.618
AC= 1.13, 1.414
BD= 1.27, 2.0
XD= 0.786
Bearish Cypher pattern
XB = 0.32, 0.618
AC= 1.13, 1.414
BD= 1.27, 2.0
XD= 0.786
Next Pattern- Shark 🦇 Pattern
So these are the regular harmonic pattern means often found on a chart or u can say lill bit easy to find.
If any doubt Kindly go through this book👇🏻
After this there are several more patterns which are rare(utilities extreme harmonic ratio)or u can say lill
bit complicated to find.
Some examples 👇🏻
Bullish and bearish Impulse wave
Bullish and bearish 5-0 pattern
Bullish and bearish Alternate Bat 🦇 pattern
Bullish and bearish ABCD continuation in a channel
Those who want to study these patterns in details can go through this book 👇🏻👇🏻👇🏻
Now the session is over,onwards you have to study and practice on your own,Don’t bother me as I hv
covered everything and given books for further doubts
Because without self study and self practice HARMONIC is impossible understand.
Thanks & Regards
Ajai
🙏🙏🙏🙏🙏
Lets revised manual draw of BULLISH BAT pattern
How to draw
👇👇👇👇
Step 2:
You have to find the B point which is retraced between 38.2% to 50% so confirm B point and mark B
point
👇👇👇👇👇👇👇👇
Step 3 :
You have to find C Point which is retraced between 38.2% to 86.6% So confirm C point and Mark C
point
👇👇👇👇👇
Step 4 :
You have to find D Point which is retraced between 161.8% to 261.8% So confirm D point and Mark D
point
👇👇👇👇👇
Step 5 :
You have to recheck D Point which is retraced 88.6 % So confirm D point and Mark D point ( ratio
between XA and CD is 0.886 or 88.6% )
👇👇👇👇👇
This is the final Bullish BAT pattern 👆👆👍
Now you find the pattern and draw the pattern , now question is how to trade on this pattern ???
1) After Completion the BULLISH BAT pattern (After Confirming D point - Buy Order)
2) Before completion the BULLISH BAT pattern (After Confirming C point - Sell Order)
1) after completed pattern and find D point and your trade can place at D point (Buy Order)
A buy order can be placed when the point D is confirmed. The profit target for this order should be placed
on AC trend line or at 50%-61.8% retracement of CD. The stop loss for the order can be kept tight.
A sell order can also be placed when the point C is confirmed. The stop loss for the order can be placed at
the price level of point A. The take profit for this order can be placed at point D.
All retracement ratio with Different pattern
👇👇👇👇👇👇👇👇👇👇👇
XB = 0.382,0.50
AC= 0.382,0.886
BD=1.618,2.618
XD=0.886
XB = 0.382,0.50
AC= 0.382,0.886
BD=1.618,2.618
XD=0.886
XB = 0.50
AC= 0.50,0.618
BD=2.0
XD=0.886
XB = 0.618
AC= 0.382,0.886
BD= 1.13,1618
XD=0.786
XB = 0.618
AC= 0.382,0.886
BD= 1.13,1618
XD=0.786
XB = 0.618
AC= 0.618
BD= 1.618
XD=0.786
XB = 0.382,0618
AC= 0.382,0.886
BD= 2.618,3.618
XD= 1.618
XB = 0.382,0618
AC= 0.382,0.886
BD= 2.618,3.618
XD= 1.618
XB = 0.618
AC= 0.50,0.618
BD= 3.14
XD= 1.618
XB = 0.786
AC= 0.382,0.886
BD= 1.618,2.24
XD= 1.27
XB = 0.786
AC= 0.382,0.886
BD= 1.618,2.24
XD= 1.27
XB = 0.786
AC= 0.50,0.886
BD= 1.618
XD= 1.27
XB = 0.32, 0.618
AC= 1.13, 1.414
BD= 1.27, 2.0
XD= 0.786
XB = 0.32, 0.618
AC= 1.13, 1.414
BD= 1.27, 2.0
XD= 0.786
------------------Differece beween----------------
Bat Gartley
Key point is B
If B retraced 61.8% then its GARTLEY pattern if B retraced 38.2% to 50% then its BAT pattern this is
uaeful when u identify or draw the pattern you have to check all the points then only occure right pattern
you cannot find with only B points
https://www.youtube.com/watch?v=fNyBHoWkjac&feature=share