Advanced Harmonic Pattern Scanner
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Learn About Harmonic PatternsClick to expand
Understanding Harmonic Patterns
Harmonic patterns are geometric price formations that use Fibonacci ratios to identify potential reversal points in financial markets. These patterns help traders identify high-probability trading opportunities with defined entry, stop loss, and target levels.
XABCD Pattern Structure
Bullish Harmonic Pattern
Bearish Harmonic Pattern
Pattern Types & Characteristics
Gartley
The Gartley pattern is a retracement pattern that occurs after a significant move. It indicates potential continuation of the original trend.
Butterfly
The Butterfly pattern is a reversal pattern that forms at the end of a trend. Point D extends beyond point X, creating an extreme level.
Bat
The Bat pattern is a precise harmonic pattern with specific Fibonacci ratios. Point D is a more shallow retracement than other patterns.
Crab
The Crab pattern is considered the most precise harmonic pattern with the most extreme potential reversal zone.
Deep Crab
The Deep Crab is similar to the Crab but has a different B point retracement, making it more aggressive.
Cypher
The Cypher pattern has a unique structure where point C extends beyond point A.
Shark
The Shark pattern is an emerging pattern that forms before the completion of the XABCD structure.
5-0
The 5-0 pattern is a neutral pattern that doesn't predict direction. It requires the 5-point validation.
Trading Strategy for Harmonic Patterns
Entry Rules
- • Enter at PRZ (Potential Reversal Zone) at point D
- • Wait for pattern completion (all 5 points confirmed)
- • Look for reversal candlestick confirmation
- • Volume spike at entry zone adds confidence
Exit Rules
- • Target 1 (T1): 38.2-61.8% of CD (conservative)
- • Target 2 (T2): 100% of CD (moderate)
- • Target 3 (T3): 161.8% of CD (aggressive)
- • Stop Loss: Below X (bullish) or above X (bearish)
Risk Management
- • Look for R:R ratio of 2:1 or higher
- • Position size based on SL distance
- • Move SL to breakeven after T1 achieved
- • Trail stop with 50% of profits after T2
Best Practices
- • Trade only at key support/resistance levels
- • Combine with other indicators (RSI, MACD)
- • Higher timeframes (4H, Daily) are more reliable
- • Avoid trading during major news events
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Completed
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Triggered
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Target Hit
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Avg Conf.
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Symbol | Current Price | Pattern | Conf | Status | Trading Levels | P&L | Actions |
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