ENTRY = 1.18213
STOP = 1.18494
TARGET = 1.17646
The Shark Pattern was initially released in 2011 by Scott Carney in his Patterns into Profits course.
The pattern is the primary structure that precedes a 5-0 formation. This structure is outside the typical M and W framework. It possesses a unique formation called an Extreme Harmonic Impulse Wave that retests...
The Crab is a precise Harmonic pattern that was discovered by Scott Carney in 2000.
The Crab is a distinct 5-point extension structure that utilizes a 161.8% projection of the XA leg exclusively. This is the most critical aspect of the pattern and the defining level in the Potential Reversal Zone (PRZ).
The extreme (261.8%, 314%, 361.8%) projection of the BC leg...
The Crab is a precise Harmonic pattern that was discovered by Scott Carney in 2000.
The Crab is a distinct 5-point extension structure that utilizes a 161.8% projection of the XA leg exclusively. This is the most critical aspect of the pattern and the defining level in the Potential Reversal Zone (PRZ).
The extreme (261.8%, 314%, 361.8%) projection of the BC...
The Gartley Pattern , is a harmonic pattern discovered by H M Gartley and outlined in his book 'Profits in the Stock market', published in 1935.
The pattern was further defined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998.
The pattern incorporates the 78.6% retracement of XA, as the...
The Butterfly Pattern on the 1H time frame adds confluence to the deeper retest of the entry on the 4H Gartley.
Entry: - 1.17854
Stop: - 1.17541
TP1: - 1.18293
TP2: - 1.18565
To view a basic Tutorial on how to identify this pattern click the chart below ...
Price has already made a reaction to the initial test of the entry.
I would expect a deeper retest of the entry before the main upward move commences.
Entry: - 1.17882
Stop: - 1.17529
TP1: - 1.18377
TP2: - 1.18682
To view a basic tutorial on how to identify this pattern click the chart below ......
Although I am not as much a fan of harmonic patterns as when I first began trading this pattern again appears to meet the criteria perfectly.
Through back testing I have found the Bat pattern to have a success rate of 62%, I would consider this a medium to high probability trade and as such will be committing a maximum of 5% capital to this trade.
Entry:...
Although I am not as much a fan of harmonic patterns as when I first began trading this pattern appears to meet the criteria perfectly.
Through back testing I have found the Bat pattern to have a success rate of 62%, I would consider this a medium to high probability trade and as such will be committing a maximum of 5% capital to this trade.
Entry: 1.18847
Stop:...
Using the analysis from the 50% retracement strategy on the 1H time frame I have entered on the 1m TF using the same retracement strategy. This allows me to enter with a significantly smaller stop loss and in turn the ability to become risk free in a far shorter space of time
Due to the Monthly TF Line in the Sand analysis I will be looking for Bearish entries above the line and Bullish entries below.
The 50% retracement strategy that I use is a very simple construct that can be applied on any time frame. It is in fact the reason for the line in sand based on the Monthly time frames most recent swing high/low.
This 15m example...
PRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Moving to lower time frames, Price Action begins to show the significance of this level.
PRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Moving to lower time frames, Price Action begins to show the significance of this level.
PRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Moving to lower time frames, Price Action begins to show the significance of this level.
PRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
PRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
PRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.
Although the pattern structure is not as clean as other published patterns, the percentage change (fib) tool levels give confluence to this pattern. See the comments below for TP2 and further details on the confluence of PCT levels.
