Harmonic price patterns enable us to distinguish possible areas for a continuation of the overall trend. Six Harmonic Price Patterns There are six harmonic price patterns: The ABCD Pattern The Three-Drive Pattern The Gartley Pattern The Crab Pattern The Bat Pattern The Butterfly Pattern 3-Step Price Pattern Recognition Process The three basic steps in spotting harmonic price patterns are the following Step 1:…
As you may have guessed, profiting off Harmonic Price Patterns is all about being able to spot those “perfect” patterns and buying or selling on their completion. There are three basic steps in spotting Harmonic Price Patterns: Step 1: Locate a potential Harmonic Price Pattern Step 2: Measure the potential Harmonic Price Pattern Step 3: Buy or sell on the…
Once upon a time, there was this insanely smart trader dude named Harold McKinley Gartley. He had a stock market advisory service in the mid-1930s with a huge following. This service was one of the first to apply scientific and statistical methods to analyze the stock market behavior. According to Gartley, he was finally able…
The ABCD Let’s start this lesson with the simplest harmonic pattern. So what could be more basic than the good old ABCs? We’ll just pop in another letter at the end (because we’re cool like that), and we’ve got the ABCD chart pattern! That was easy! To spot this chart pattern, all you need are ultra-sharp…
Now that you’ve got the basic chart patterns down, it’s time to move on and add some more advanced tools to your forex trading arsenal. In this lesson, we’ll be looking at harmonic price patterns. These bad boys may be a little harder to grasp but once you spot these setups, it can lead to some very nice…