Trading with Harmonic Patterns

TradingFunda

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Technical Analysis : Trading with Harmonic Patterns.
Harmonic Pattern is old methodology but compiled details are good.

Credit : Tweet from Payal Sharma and looks like attachment is from MarketCalls website.
Harmonic Patterns defines critical turning points in the markets.
Harmonic patterns only useful for long trades.

No-one really knows why Harmonic Patterns work but its recognized that they do work based on empirical and STATISTICAL evidence.
Very good explanation on W pattern,M Pattern included.

PRICE PATTERN RECOGNITION + HARMONIC TRADING = FIBONACCI MEASUREMENT + ANALYSIS OF MARKET STRUCTURE
Chart included : Success rate of Harmonic Pattern.
FIBONACCI NUMBERS and What is Golden Ratio ?
TYPES OF HARMONIC PATTERNS BASED ON PRICE STRUCTURE
4-POINT HARMONIC PATTERNS​
AB=CD PATTERN​
ALTERNATE AB=CD PATTERN​
5-POINT PATTERNS​
GARTLEY PATTERN​
BUTTERFLY PATTERN​
BAT PATTERN​
CRAB PATTERN​
SHARK PATTERN​
6-POINT PATTERNS​
5-0 PATTERN​

Trading Check list is included in Pdf file for trade execution.

Telegram Channel : I have found Channel Bulls & Bears doing analysis on Harmonics and posting trade based on patterns.You can follow that channel for further study. Search stockmarketbullsandbears on telegram.

Please reply this thread if you have more details to share.

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