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Harmonic patterns: Gartley, bat, butterfly, crab and shark 02 Jan. 2018 15:50 Dear Friends, As promised, I present to you my next weekly training article. Several posts ago I began to investigate harmonic patterns, in this journey Scott Carney's book "Harmonic Trading" helped me a lot. LiteFinance: Harmonic Patterns: Gartley, Bat, Butterfly, Crab and Shark |  Litefinance After studying it thoroughly, try Peru Mobile Number List  to summarize all the knowledge learned and write the summary in a series of articles, starting with this one you are reading. Let us begin… For those who have never read about harmonic patterns, I will briefly describe the basic rules: All harmonic patterns are linked to key Fibonacci correction levels Harmonic Patterns Work on All Time Frames The most common pattern is XABCD, where: (XA) is a movement, where point (X) is the beginning of the trend and (A) is its top (AB) is the trend correction, where point (B) marks the extreme of the correction (BC) is the trend continuation line with the peak at point (С) (CD) is the final move, opposite line (AB) This pattern looks like this: LiteFinance: Harmonic Patterns: Gartley, Bat, Butterfly, Crab and Shark |  Litefinance 4.



To start working with the pattern, it is necessary to know the coordinates of the points (X), (A), (B), (С) in the chart history. Only by having the four coordinate data in your hands, you will be able to identify the type of pattern and its properties. 5. Pattern points must meet the following conditions Pattern type B of XA C of BA D of AB D of XA Gartley 0.618 0.382-0.886 1,272-1,618 0.786 Bat 0.382-0.5 0.382- The table shows the Fibonacci levels of the corresponding movements 6. Strict follow-up to the established parameters of the pattern. Any deviation sharply reduces the probability of goals (it is desirable to avoid deviation from the set parameters of more than 0.05) After identifying the type of pattern, it is necessary to find... 1. Potential Reversal Zone (PRZ) or Potential Reversal Zone. Any pattern has a start and end point. A great feature of harmonic analysis is its fairly clear identification of the possible end point of the pattern. As harmonic analysis is reversal patterns, the end point of the trend is called potential reversal zone.