Harmonic pattern trading

Harmonic pattern trading

This course will cover following topics

1. Trading process  and description for  different harmonic pattern

2. Harmonic pattern identification ,Advantages and disadvantage of Harmonic pattern

3. Butterfly pattern trading

4. Shark pattern trading

5. Crab pattern trading

6. Bat pattern trading

7 . Gartely pattern trading

8. Cypher pattern trading

9. Pivot points, Fibonacci and trendlines

10. Time frame for trader

11. Trading phycology and qualities of good trader

Notes:

Bat Pattern – When compared to the other patterns, the bat pattern is still a trapezoid, but more symmetrical. For both the bearish and the bullish patterns, the right side and the left side will be nearly the same heights.

Shark Pattern – the shark pattern is one of the newer harmonic trading patterns and has been in use since 2011. The pattern uses a similar five-leg reversal sequence. The steep outside lines and shallow dip in the middle create a chart that resembles a dorsal fin. This is how the shark pattern gets its name

Gartley Pattern – Using Fibonacci ratios, the Gartley pattern seeks to identify instances of breakouts, resistance, and support. This pattern is characterized as an uptrend, followed by a small reversal, followed by a smaller uptrend, and completed by a larger reversal (forming an asymmetric “M” or “W” shape).

Crab Pattern – The Cab pattern is ideal for traders trying to identify precise price movements. It enables traders to maximize returns on securities with low volatility. The crab pattern is similar to the butterfly pattern but is more condensed.

Cypher pattern:  uses tighter Fibonacci ratios (usually less than 1), which creates a “steeper” visual appearance. Each of these patterns will help you effectively issue stop losses and stop limits. In order to get a more comprehensive view of the market, it is useful to monitor multiple harmonic trading patterns at once.

Basic of harmonic pattern, Trading process , its Advantage and disadvantage , Crab, bat, butterfly, Gartely pattern

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What you will learn

• Trader will able to learn basics of harmonic pattern
• He will have knowledge of harmonic pattern with example
• Trader can get very good profit by using harmonic patterns which are used for high probability trades

Rating: 0

Level: Expert Level

Duration: 3.5 hours

Instructor: Satyendra Singh (NCFM and NSIM certified ) Technical analyst, Research analyst and portfolio manager