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Harmonic price patterns enable us to distinguish possible areas for a continuation of the overall trend.

Sic Harmonic Price Patterns

There are six harmonic price patterns:

  1. The ABCD Pattern
  2. The Three-Drive Pattern
  3. The Gartley Pattern
  4. The Crab Pattern
  5. The Bat Pattern
  6. The Butterfly Pattern

3-Step Price Pattern Recognition Process

The three basic steps in spotting harmonic price patterns are the following

  • Step 1: Locate a potential harmonic price pattern
  • Step 2: Measure the potential harmonic price pattern
  • Step 3: Buy or sell on the completion of the harmonic price pattern

[bpad]Again, harmonic price patterns are so perfect that they are very difficult to spot.

More than knowing the steps, you need to have hawk-like eyes to spot potential harmonic price patterns and a lot of patience to avoid jumping the gun and entering before the pattern is completed.

With enough practice and experience, trading using harmonic price patterns can yield a lot of pips!