This is a summery of Mr. Carney book "Harmonic Trading". AB=CD chapter.
Gartley Pattern. Special thanks to Alexander Nikitin for sharing ;) www.tradingview.com Safe Trades;
The Butterfly Pattern Special thanks to Alexander Nikitin for sharing ;) www.tradingview.com Safe Trades;
Crab Pattern Special thanks to Alexander Nikitin for sharing ;) www.tradingview.com Safe Trades;
The Cypher Pattern Special Thanks to Alexander Nikitin for sharing ;) www.tradingview.com Safe Trades;
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...
Check other #Educational charts: www.tradingview.com Safe Trades
Hi Traders, The idea is to share a tiny portion of the study of Larry Pesavento and Leslie Jouflas about the AB=CD and the Gartley Patterns, with those who are introducing the advanced patterns in your trading method; You will have a lot of information about those guys on the web. Special Thanks to Alexander_Nikitin (www.tradingview.com) Please enjoy...
The Shark Pattern. Traders, This is an update to my previous post related to Harmonic Ratios. (link below) Safe Trades;
STAGE 1: THE BULLISH IMPULSE LEG A bullish impulse leg is a strong move in price action to the upside. The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction. The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A. STAGE 2: B LEG RETRACEMENT Now that...
"Since the beginnings of technical analysis, classical technical patterns have been repeating over and over in all time frames and in all markets. It’s interesting that these patterns have not changed in centuries. They are truly a reflection of crowd psychology. Many times you will see the structures of the patterns form with exact Fibonacci ratios. Adding the...
The Three Drives Pattern by Larry Pesavento and Leslie Joufla. Check other published charts... Safe Trades; open.spotify.com
By LARRY PESAVENTO & LESLIE JOUFLAS HISTORY OF THE BUTTERFLY PATTERN: Bryce Gilmore Bryce has spent a lifetime studying the works of the great masters—R.N. Elliott , W.D. Gann, and many others. He developed the Wave Trader Program in 1988; it was the first computer program to use all the numbers of sacred geometry, including the Fibonacci summation series....
In my last post here, I posted an analysis on this pair in which i suggested that it is possible that this pair is about to turnaround and take off to the upside for a large wave (c) move. Here is that post: The purpose of this post is not to provide any possible trade call although a good trade based off this tutorial is possible. The reason I am making this...
The Three Drives patterns is one of the most powerful patterns i have encountered. : Bearish Three Drives pattern . 1) First wave is a normal bearish wave, then followed by correction 2) second wave is another bearish wave that extends beyond the first wave low and reach the 1.27 Fibonacci extension for the first pullback(AB on chart) 3)Then the most important...
The 3 Drive pattern is a 5-leg pattern. In a perfect 3 Drive pattern the XA leg will be a 0.618 to 0.786 retracement of the OX leg, the AB leg will be either a a 1.272 or 1.618 extension of the XA leg, the BC leg will be a 0.618 to 0.786 retracement of the AB leg, and the CD leg will be either a 1.272 or 1.618 extension of the BC leg. Also, the three drive legs...
Educational Study: This is an example of how you combine Gartley Pattern and 2618 Trade Together 1 Long the Gartley Entry: 2. Take Profit at TP1 AND TP2 3. Short at 0.618: 0.6790, SL: 0.6903, TP1: 0.6620 TP2: 0.6480 4. Look for RSI Over Bought and Trend Line Retest.
Hi All, I wanted to share this with you explaining Cypher Pattern. On the left are steps required for valid Cypher, and the right Pane is the Stops and Targets First I will explain the numbers I have noted on the charts, this is a standard procedure I follow 1. Recognized Structure - Potential X to A leg 2. A Leg is now formed 3. B Leg and lets see how far...