Following on from Harmonic patterns part 1.
Recap: Harmonic patterns form geometric price patterns with angles based on Fibonacci numbers, which can define precise turning points in price.
To put it briefly, harmonic patterns attempt to predict future movements in price action.
Utilising harmonic patterns can provide you with both entry and take profit levels, as well as trend reversals.
Drawing such patterns requires a keen eye for confluence, symmetry, and time.
You shouldn't look to trade off harmonic patterns alone, so always incorporate reliable confluence such as; horizontal levels, Fibonacci, and even areas of volume and liquidity.
Before you go wild trying to trade these patterns, practice drawing them on charts and always refer to the cheat sheets.
Time Stamps
2:19 – LINK Previous COTW (DO NOT TRADE THIS)
18:53 – ICX
22:30 – CYPHER HARMONIC
45:52 – SHARK HARMONIC
54:48 – 5-0 HARMONIC
1:08:00 – BTC TA and Q&A