harmonic patterns

/Tag: harmonic patterns

ABCD pattern | #3 tips to get better accuracy with the chart pattern

ABCD chart pattern is yet another gift of Fibonacci ratios to the field of technical analysis. It is a blend of time, price and shape. When all three converge at one point, it forms an electric move. Hence, the pattern also goes by the name Lighting bolt (AB=CD) pattern. What is an ABCD (AB=CD) chart pattern? The AB=CD pattern consists of two legs. The first leg being the AB and the second leg being the CD. When both these leg of movements have the same length (price), shape and the time duration to complete their move, then it completes [...]

ABCD pattern | #3 tips to get better accuracy with the chart pattern2019-05-11T14:52:17+00:00

Harmonic Patterns: The Complete Mini guide

Harmonic Patterns were initially proposed by H.M. Gartley in the year 1932. The trading fraternity, at that point, shrugged it off. However, when Scott Carney provided deep insights into harmonic patterns in his book, “Harmonic Trading”, the trading community welcomed it with both hands. There are several types of harmonic patterns -- AB=CD pattern, Gartley pattern, Butterfly pattern, Bat pattern, Shark pattern, Crab pattern and Cypher pattern. What are Harmonic Patterns? Harmonic patterns are trend reversal patterns. They are based on the Fibonacci retracement and extensions and geometric structures. The harmonic patterns provide traders the potential reversal zone (PRZ), [...]

Harmonic Patterns: The Complete Mini guide2019-05-11T14:55:43+00:00