Forex harmonic patterns are a type of chart pattern used by forex traders to identify potential reversals in the market. Harmonic patterns are based on Fibonacci numbers and geometry and use specific ...

Harmonic patterns illustrate how prices of currencies behave under different market conditions to help you identify trend reversals and initiate buy or sell orders. These patterns rely on Fibonacci ...

Harmonic patterns can be used to spot new trading opportunities and pricing trends – but only if you know exactly what you are looking for. Read on to learn about the top harmonic patterns, and how to ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and ...

SPY, the ETF for the SPX index, has an intraday chart perspective of harmonic patterns playing out very well. Currently what this does is help price test extremes of a sideways range, but these ...

CLX14:NYM is currently testing the completion target, aka PRZ (Potential Reversal Zone), of a harmonic pattern called an Alternate Bullish Bat. This is an intraday perspective, using an STRenko 12 bar ...

XLE, the energy sector ETF, has multiple Bat harmonic patterns fueling both the Day and Intraday charts. The Day chart shows a cyan colored emerging Bat, which its completion requires price to take ...

DAX has been beautiful to watch as it creates harmonic patterns that create reversal points. Example in point, last week prior to the US open on December 4, 2014, DAX was approaching an important ...