Harmonic Patterns Part 1

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.

This first part will cover a range of patterns and cheat sheets have been created for each one.

Before you go wild trying to trade these patterns, practice drawing them on charts and always refer to the cheat sheets.

Time Stamps

2:45 – OMG Previous COTW (DO NOT TRADE THIS)

 7:29 – HARMONIC PATTERNS

• Time and symmetry are very important
• Preferably on 1H+ TF

12:32 – ABCD HARMONIC PATTERN – EXTERNAL

• Check cheat sheets

20:53 – BAT HARMONIC PATTERN – INTERNAL 

• Check cheat sheets

31:13 – GARTLEY HARMONIC PATTERN – INTERNAL

• Check cheat sheets

39:14 – BUTTERFLY HARMONIC – EXTERNAL

• Check cheat sheets

58:42 – CRAB HARMONIC PATTERN – EXTERNAL 

• Check cheat sheets

1:03:40 – Q&A

• All patterns can be inverted
• Daniel uses MS for SL

1:11:52 – BTC TA and Q&A