Harmonic Patterns

Shark

Bullish Shark The conditions to form a Bullish Shark pattern are given by the Fibonacci retracement levels between the four legs of the pattern: BC is a retracement in the range of 1.13 – 1.618 of the second leg AB CD will be a retracement between the range 1.618 – 2.24 below B CD retracement …

Shark Read More »

Cypher

Bullish Cypher The Cypher pattern is another member of the Harmonic pattern family defined by the Fibonacci ratios between four legs of price movement. AB is a retracement in the range of 0.382 – 0.618 the first upwards impulse XA BC is an upwards retracement between 1.13 and 1.414 of AB CD will be a …

Cypher Read More »

Bat

Bullish Bat At the completion price “D” of the Bullish Bat, a potential reversal for the price to rise is expected. The Bullish Bat is defined by the following Fibonacci ratios: Move AB is a (Case a.) 0.382 or (Case b.) 0.50 retracement of the first upwards impulse XA BC can be either (Case a.) …

Bat Read More »

Gartley

Bullish Gartley At the completion price “D” of the Bullish Gartley, we expect a potential reversal for the price to rise.The Bullish scenario Gartley is defined by the following Fibonacci ratios: Move AB is a 0.618 retracement of the first upwards impulse XA BC can be either (Case a) a 0.382 or (Case b) 0.886 …

Gartley Read More »

PatternSurfer - India