pixi

Harmonic Patterns ratio and examples

FX:XAUUSD   Gold/U.S. Dollar
Hi,
Above, some harmonic patterns that i often look for ( bullish ones)


These patterns, when identified, have a good risk/reward ratio. They allow traders to enter into the market with minimal risk. Obviously, you need some other confirmations before taking the trade on the pattern completion.
If the point D occurs with some divergence on classic oscillators ( RSI / Macd , Sto), on a bottom (or top, if pattern is bearish ) of a trendline / channel, previous support/resistance levels, supply/demand zone...then there are good probabilities to see price react on the completion of the pattern.

There are plenty of patterns, but this selection, from my side, is a good start for those who want to learn harmonic pattern .

Below some examples that have worked nicely (this don't work each time, this would be too easy ;)

snapshot
snapshot
snapshot
snapshot
Comment: Erratum : Butterfly pattern
D point = 1.272/1.414 of XA (not BC)
awesome
Reply
What is meant by 121 mode
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out