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4 Harmonic Patterns Every Trader Should Know 📚 Hey traders, In this post, we will discuss 4 phenomenally accurate harmonic patterns that you must know. 1️⃣The first and the simplest harmonic pattern is called ABCD pattern. This pattern is based on 3 legs of a move: ✔️Initial impulse (bullish or bearish). AB leg ✔️Retracement leg with a completion point lying within the range of the initial impulse. BC leg. ✔️Second impulse with a completion point lying beyond the range of the initial impulse (it must have the same direction as the initial impulse). BD leg Equal AB and CD legs indicate a highly probable retracement from D point of the pattern. ❗️Please, note that the time horizon and the length of the impulses must be equal. 2️⃣The second harmonic pattern is called Gartley Pattern. This pattern is based on 4 legs of a move and has a "W/M" shape form. To identify a Harmonic Gartley Pattern we measure the retracement of B/C points with Fib. Retracement tool and extension of D point of a harmonic pattern with Fib. Extension tool: ✔️ - The retracement of B point should lie between 0.618 level and 0.786 level of XA leg (Fib. Retracement of XA) *it can touch both 0.618 and 0.786 ✔️ - The retracement of C point should lie between 0.618 level and 1.0 level of AB leg(Fib. Retracement of AB) *it can touch both 0.618 and 1.0 ✔️ - D point should lie strictly on 1.272 extension of AB leg (Fib. Extension of AB) *it should strictly touch 1.272 Such a formation indicates a highly probable retracement from D point of the pattern. 3️⃣The third harmonic pattern is called Bat Pattern. This pattern is based on 4 legs of a move and has a "W/M" shape form. To identify a Harmonic Bat Pattern we measure the retracement of B/C/D points of a harmonic pattern with Fib. Retracement tool: ✔️ - The retracement of B point should lie between 0.5 level and 0.618 level of XA leg (Fib. Retracement of XA) *it can touch 0.5 but it can’t touch 0.618 ✔️ - The retracement of C point should lie between 0.618 level and 1.0 level of AB leg(Fib. Retracement of AB) *it can touch both 0.618 and 1.0 ✔️ - The retracement of D point should lie strictly on 0.886 level of XA leg (Fib.Retracement of XA) *it should strictly touch 0.886 Such a formation indicates a highly probable retracement from D point of the pattern. 4️⃣The fourth harmonic pattern is called Cypher Pattern. This pattern is based on 4 legs of a move and has a "W/M" shape form with C point lying beyond the range of XA leg. To identify a Harmonic Cypher Pattern we measure the retracement of B point with Fib. Retracement tool and extension of C point with Fib. Extension tool: ✔️ - The retracement of B point should lie between 0.382 level and 0.618 level of XA leg (Fib. Retracement of XA) *it can touch both 0.382 and 0.618 ✔️ - The extension of C point should lie between 1.272 level and 1.414 level of XA leg(Fib. Extension of XA) *it can touch both 1.272 and 1.414 ✔️ - D point should lie strictly on 0.786 retracement of XC leg (Fib. Retracement of XC) *it should strictly touch 0.786 Such a formation indicates a highly probable retracement from D point of the pattern. 🦉What is good about these patterns is the fact that they are objective. Since each point of the pattern is measured with Fibonacci levels, one can avoid subjectivity. Try harmonic pattern trading and you will see how efficient this strategy is. Do you trade harmonic patterns? ❤️Please, support this idea with like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
33
MASK - Buy after this resistance brokenBYBIT:MASKUSDT 4H trend chart - MASK is on the path if uptrend line, and it's approaching to the resistance $6.29. If price can break out Fib1, trading strategy as below. - Profit Targets: a) 6.715~6.890----Fib(1.272~1.382) b) 7.255----Fib(1.618) c) 7.855----Fib(2) Stop losses: a) 5.280-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
BNB - Potential TP of Cup and HandleBYBIT:BNBUSDT 1H trend chart - BNB is forming a possible cup and handle on 1H. Here is the status of handle building. If price can break out downtrend line, trading strategy as below. - Profit Targets: a) 397----Fib(1) b) 407.15~411.25----Fib(1.272~1.382) Stop losses: a) 381.45-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
BTC - Entry for Short and good R/R ratioBYBIT:BTCUSDT 1H trend chart - BTC is forming a potential HS pattern on 1H. Also, it is going to show Vegas entry of short(if closed below 12ema) So, we can short it with a nice risk/reward ratio, and trading strategy as below. - Profit Targets: a) 35701----Fib(1) b) 34834~34483.5----Fib(1.272~1.382) Stop losses: a) 37218-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Short
by EthanTW
2
ONE - TP/SL for this triangleBINANCE:ONEUSDT 1H trend chart - ONE is converging in a triangle, and there is a possible bottom in it. If price can break out the downtrend line, trading strategy as below. - Profit Targets: a) 0.2----Fib(1) b) 0.20892~0.21252----Fib(1.272~1.382) c) 0.22026----Fib(1.618) Stop losses: a) 0.18802-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2
ETH - Possible inverse head and shouldersBYBIT:ETHUSDT 1H trend chart - ETH is forming a HS pattern on 1H trend. We can buy it here gradually and open more after breaking out 2548 - Profit Targets: a) 2654.9~2698.15----Fib(1.272~1.382) b) 2744.5----Fib(1.618) Stop losses: a) 2348.85-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
BNB - the end of falling? and another short timing1H trend chart / D trend chart - From the right side chart, we can notice that BNB falls seriously while breaking out the uptrend line. And it is gonna find support with previous accumulation zone, which will be a nice long timing for left side trading. From the left side chart(1H), BNB might rally back to 410~420 to hit 144/169ema and the broken uptrend line. It will be a good short level if price meets 144/169ema then gets pullback to 12ema, which meets 1H Vegas shorting entry. - Profit Targets: a) 316.5----Blue horizontal ray b) 254.6--------Blue horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
BINANCE:BNBUSD
by EthanTW
1
ATOM - Nice levels for Short and LongBINANCE:ATOMUSDT 1H trend chart - ATOM is resisting to fall continuously, but the H1 Vegas tunnel is forming bearish structure. If price goes back to 144/169ema, but breaks down through 12ema quickly, it's a good level to short. - Profit Targets: a) 27.92----Blue horizontal ray b) 25.1--------Blue horizontal ray - Also, we can see an accumulation zone around 22~24. So it'll be a good bottom for buying with left side trading. - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
by EthanTW
2
BTC - little pullback, but still not the bottomD trend chart - Pattern BTC shows a serious dip after penetrating the long-term downtrend line, and also forms a big head and shoulders. The first targets of HS will be 31000~28000. Possible bottom Although it seems trying to stop falling, but the reasonable bottom is 28000, it's not only the satisfied level of Fib, but also the previous lows. Volume Moreover, notice that every relative bottom areas accumulated big volume. So we can observe bigger volume shows or not in near future. - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
COINBASE:BTCUSD
by EthanTW
3
NEAR - Buy it with these TP/SLBYBIT:NEARUSDT 4H trend chart - NEAR has broken the short-term downtrend line. And it also met 4H Vegas entry. So we can open position here with good R/R ratio. - Profit Targets: a) 18.714----Blue horizontal ray b) 20.597--------Fib(1) c) 22.635~23.460--------Fib(1.272~1.382) Stop losses: a) 16.122-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
3
MATIC - has broke the line and TP/SLBYBIT:MATICUSDT 4H trend chart - MATIC has already broken out the downtrend line It also keeps being support from an uptrend line So we can take entry on this blue area, and trading strategy as below. - Profit Targets: a) 2.6526----Blue horizontal ray b) 2.9240--------Fib(1) c) 3.4437~3.6538--------Fib(1.272~1.382) Stop losses: a) 1.8983-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
MLong
by EthanTW
3
LUNA - Open position if meet this priceBINANCE:LUNAUSDT 12H trend chart - LUNA is going to meet Vegas entry on 12H trend, If price can keep being above the 12ema(black line), trading strategy as below. - Profit Targets: a) 93.96----Blue horizontal ray b) 103.6--------Fib(1) c) 121.48~128.71--------Fib(1.272~1.382) Stop losses: a) 62.46-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
8
BTC - Buy it after going back to this areaCOINBASE:BTCUSD 3D trend chart - BTC is correcting around 2 months Now, it has touched Vegas tunnel 144ema on D3 chart, and also got support from the long-term uptrend line. For bull, we can wait it to go back 12ema then open position. You can also see that a good surge happened with last 3D Vegas entry, so here is a potential great buying area. - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
COINBASE:BTCUSDLong
by EthanTW
10
ATOM - Try this entry opportunityBINANCE:ATOMUSDT 1H trend chart - ATOM is meeting the Vegas tunnel strategy on 1H chart We can open it with following strategy. - Profit Targets: a) 39.73----Blue horizontal ray b) 43.93--------Fib(1) Stop losses: a) 34.59-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
8
ENJ - Open position in this scenarioBYBIT:ENJUSDT 4H trend chart - ENJ is converging and approaching to the end of triangle. It encountered resistance from the downtrend line many times. If price can breakout this trend line, trading strategy as below. - Profit Targets: a) 2.9475----Fib(1) b) 3.0645~3.1120--------Fib(1.272~1.382) c) 3.2140----Fib(1.618) Stop losses: a) 2.6615-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
CHR - Nice entry timingBYBIT:CHRUSDT 1H trend chart - CHR already met Vegas tunnel for entry. Additionally, it got support at Fib 0.382 and uptrend line. Therefore, we can buy it with trading strategy as below. - Profit Targets: a) 0.9708----Fib(1) b)1.0395~1.0673--------Fib(1.272~1.382) c) 1.0971----Fib(1.5) Stop losses: a) 0.8127-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
STORJ - Good timing to long with these TP/SLBINANCE:STORJUSDT 12H trend chart - STORJ jsut met the condition of Vegas on 12H chart (Blue arrow) And there is a downtrend line keeps resisting price. So we can take entry here and add position after breaking out the trend line. Both have good reward/risk ratio and trading strategy as below. - Profit Targets: a) 2.1856----Fib(1) b) 2.4145~2.5071--------Fib(1.272~1.382) c) 2.7058----Fib(1.618) d) 3.0273----Fib(2) Stop losses: a) 1.6630-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1
CHR - Buying timing and good R/R ratioBINANCE:CHRUSDT 4H trend chart - CHR has gotten rid of the downtrend line. Also, it has met the entry condition of Vegas tunnel strategy(blue arrow) We can buy it with great reward/risk ratio and trading strategy as below. - Profit Targets: a) 0.8929----Fib(1) b) 0.9923~1.0324--------Fib(1.272~1.382) c) 1.0756----Fib(1.5) d) 1.2582----Fib(2) Stop losses: a) 0.6868-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
VET - can buy it with these TPBYBIT:VETUSDT 1H trend chart - VET has broken out the triangle and it is testing Fib1 If price can take out 0.0961, trading strategy as below. - Profit Targets: a) 0.0996~0.1010----Fib(1.272~1.382) b) 0.1040----Fib(1.618) c) 0.1089----Fib(2) Stop losses: a) 0.09275-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
1