Harmonic pattern by ARUN

https://t.me/HarmonicsTraders

All you have heard about Harmonics is true - Yes it is Complicated ,

hard to find patterns etc . Its spread so strong , its because they dont
want you to learn this and make money so as brokerages and false
tips providers survive

Harmonics is the best future forecasting method with ultimate

accuracy ..

I am in trading since I was 22 for the last 8 years and after all
unsuccessful methods, I settled in Harmonics finally . We only know
to start learning Harmonics and with tons of patience , your life will
change positively

What is Harmonics?

Harmonic price patterns take geometric price patterns to the next

level by using Fibonacci numbers to define precise turning points.
Unlike other common trading methods, Harmonic trading attempts to
predict future movements.

The list of Disadvantages of Harmonic Trading:

1. Very technical

2. Too many patterns everywhere, difficult to focus on quality and

highest probability ones

3. Possibility to have conflicting signals from different timeframes

4. Too many Fibonacci ratios, mass on the chart after applying all of
them.

5. Requires time and experience to build Fibonacci clusters and

measure swings relations

6. Predicting when a pattern/swing extension will happen

7. Internet flooded with "HT creatures". Very Few have good and
complete knowledge of Harmonics
8. Rules needs to be violated at times in real trading scenerios

The list of Benefits of Harmonic Trading:

1. Leading indicator, projects future price move direction in advance

with good accuracy

2. AGREES WITH BUY LOW and SELL HIGH - Universal Success

formula with excellent Reward:Risk ratio.

3. Used on Equity , Commodity , Forex markets

4. Used on any timeframe - 15 min to Monthly

5. High probability setup

6. Clearly defined pattern invalidation level (important for SL

placement)

7. point D is the market decision point. Price will move strongly from
D, or in the direction indicated by the pattern, or opposite (pattern
failure). Anyway, it's high probability to have a strong move.

8. Combines price patterns with Fibonacci ratios.

9. Trend reversal forecasting capability

10. Harmonic patterns occur frequently.

and Importantly solves traders biggest problems of Big stop loss and
small profit by offering ultra high ( say 10%) profit with small stop loss

Like I said Harmonics have big potential profit and it could easily
wipe the losses of our 10 bad trades

Lets see some recent charts of Harmonics and the accuracy

99% of the time , my Harmonics charts comes with System time and
you will know how much earlier the reversal price was predcited
1. ADANI : Sell was around 415 on May 8th and stock made 377 on
May 22nd
2. Cipla completes 100 points profit :) Sell was at 621 on May 2nd
and made low of 516 on May 21st
3. SUNTV falling from Magical Number – 999 to 925 based on
Bearish Bat
These are few recent charts where we got close to 10% return and
stop loss was never hit . Check in nse for its credibility .. Beauty is all
predictions are made well in advance and you have ample time to
decide on your setups

Posted these charts to boost yourselves to learn Harmonics .

Besides the complexity ( we will help you make it simple) , the reward
is huge as you have seen here

Fibonacci is the Basics of Universe , its is there everywhere even in

your own arm .

Harmonics is nothing but the collection of Fibo numbers

So before jumping into Harmonics or reading Scot Carneys pdfs ,
you should have mastered Fibo

This is how , you should learn Harmonics .. Now will start with the
basics of fibo

Open investing.com and open Tata steel on weekly chart

Identify the significant swing High and low and draw fibo lines from
high to low
There is something called as coordinates in every drawing pattern in
investing.com . Manually enter the correct values there as shown
above

Most of the times, when we draw, we wont capture the accurate

value and it creates errors in harmonics D calculation

There fore always use coordinates

Fibo retracements are nothing but the significant numbers , where

the current Main trend will continue

Say here , tata steel in long term is in buy mode as we see higher
high and Higher Low

in retracments , buyers book profit and try enter again assuming

stock will go up further

In circled parts of above tatasteel charts, you could see stock is

trying to take good support and bounce up

Its is not that stocks always bounce at retracement levels , but the
probability is very high

Now we will see what is fibo extension

take jubilant daily chart

take any swing high and draw fibo there and check on the extension
numbers - 1.27, 1.414,1.618 and so on
These are all extension numbers

If you see the circled part ie the extension levels , you can see it has
formed a resistance zone and stock is trying to come down as all fibo
numbers are significant profit booking or buying or selling numbers
Now we will see how to apply fibo in Harmonics patterns

tata steel weekly chart is taken

1. Fibo Retracement : Take Significant Swing High and Low and

Draw Fibo lines

I check if next Swing low sits very close on any of the Fibo
retracement levels ( here 567 sits @ 0.5 fibo retracement levels )

It can sit on any fibo retracment number from 0.382 as 0.236 is not
considered in harmonics

2. Then Fix that point as B and plot X and A as shown below

3. Draw Fibo retracement from A to B now and see if any candle high
sits on any of the retracement number ( 0.382; 0.886) and if Yes, fix
that as C

4. Now draw Harmonics pattern connecting XABC and D must be

projected according to the particular pattern

5. Pattern always gets confirmed when B is taken out in closing Bias

for both Bullish and Bearish Patterns.

6. Aggressive traders could short ( in Bullish Forming patterns) ,

when X to B trend line is broken with C as Stop loss as below
7. Finally cleanup everything other than Harmonic Pattern before
posting chart like this

8. Harmonics works on all Segments like Forex , Equity , Commodity

from 15min to Monthly time frame charts .

Once PDF is made on this, please read it 1000 times

So before learning Harmonics , Master Fibo and then only Start on

Harmonic

Basic Class completes with this . We will meet in next session sooner

https://t.me/HarmonicsTraders