Types of harmonic patterns

Bearish Gartely Pattern:

Point B = 61.8 retracement of leg X, and A

Point C = between 38.2 and 88.6 retracement of leg B, and A

Point D = Wait for reversal at 78.6. Enter at 61.8.

Stop loss above X if selling

Take Profit Do Fibonacci from A to D and first take profit would 38.2 second profit 61.8

Buying Bat Pattern:

Point B = retracement of leg X, and A 38.2 and 50.0 and must not touch 61.8.

Point C = between 38.2 and 88.6 retracement of leg B and A.

Point D = 88.6 retracement of Point X and A

Stop Loss = 2 pips below X Look for

Take Profit = Do Fibonacci from point A to D first take profit would 38.2 second profit 61.8

Look for high probability trades…………………….. Everything should line up, i.e. Market,
MACD and Stochastic

Look for impulse and correction

Butterfly:

Point B = 78.6 retracement of leg X, and A

Point C = between 38.2 and 88.6 retracement of leg B and A

Point D = between 127.2 and 161.8 expansion of leg B and A