๐ฆHarmonic Patterns
Simple but effective!
Last updated
Simple but effective!
Last updated
Our Harmonic Patterns indicator will show you the main patterns:
Gartley, Crab, Bat, Butterfly, Shark and Cypher.
Here is a Cypher in M30.
Traditionally, conservative traders place a stop loss (SL) at point X. Aggressive traders prefer to place their stop loss at point D. Take profits (TP) can be placed at points B, A and C.
Bullish patterns are purple and bearish patterns are orange. You can change the colors according to your preference.
Please note that this is only one of many techniques. There are many, so it is up to you to find the one that suits you best.
You can choose to wait for a confirmation or not, change the size of your Harmonic Patterns and their colors.