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Bullish Bat Pattern (15M)The Bat Pattern , is a precise harmonic pattern discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
Long
by Cryptsyxalt
1
HARMONICS IN MINUTESThis style is Hedge trading, creating a full sized risk free position in both directions. Closing 50% of each position at 2R creates a risk free position, should price move to the stop loss, profit for each position would be 0.75R Closing 50% of each remaining position at 4R Secures 2R profit on all positions, should price move to the stop loss, profit for each position would be just over 1.9R Closing 50% of each remaining position at 8R Secures 3R profit on all positions, should price move to the stop loss, profit for each position would be 2.875R
by Cryptsyxalt
Head & Shoulders Pattern - Entry 2 (Daily)The initial entry on the right shoulder of the pattern has not yet reached it's first target, having closed below the neckline the Bears now have confirmation for a second entry at the retest of the neckline. The opportunity for the retest was created by the Bullish pressure of the Butterfly pattern linked to below. Experienced traders should use the entries to hedge against each of the patterns. Closing 50% of each position at the opposing patterns entry will create risk free positions in both directions.
Short
by Cryptsyxalt
11
Bullish Deep Crab (4H)“ The Deep Crab pattern evolved from two patterns (invalid Bat patterns and a specific type of Crab pattern). It was developed by Scott Carney as a further refinement of the basic structure. The Deep Crab is similar to the original Crab pattern, as it is a 5-point extension structure that utilizes exclusively a 161.8% XA projection for the defining level in the Potential Reversal Zone (PRZ).The difference can be found at the B point which must be an 88.6% XA retracement. In fact, the Deep Crab pattern usually possesses a B point that is beyond the 88.6% level but does not violate the initial point X. The 88.6% B point requirement is special to the Deep Crab. When the structure is in the midst of completing the CD leg, the violation of the B point AND the X point typically creates a situation of severe price action. In essence, the price action is violating two important prior support or resistance points. When this happens, the result is frequently a sharp move that quickly extends to the 161.8% XA projection. Another difference in the Deep Crab pattern is the AB=CD structure. The AB=CD pattern is a more important consideration in the Deep Crab, although the structure typically possesses the 127%AB=CD alternate variation it is common for these structures to possess equivalent AB=CD patterns in certain circumstances. ”
Long
by Cryptsyxalt
Bearish ButterflyThe Butterfly pattern , is a harmonic pattern discovered by Bryce Gilmore using his Wave trader software program. The pattern structure was further refined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998. The Butterfly pattern must include an AB=CD pattern to be a valid signal. In general, the AB=CD Pattern will possess an extended CD leg that is 127.2% or 161.8% of the AB leg. Due to the hectic day on EU I am late in publishing this pattern. However, the Butterfly pattern much like the Crab is a reversal pattern and as such we should expect price to at the very least break below the pattern and potentially hit TP3 before the reversal concludes. TP2 ... TP3 ...
Short
by Cryptsyxalt
2
Bearish Bat Pattern 15mThe Bat Pattern , is a precise harmonic pattern discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns. Due to the Hectic day on EU I am publishing this Pattern very late, the importance of this pattern is that I used it to enter the larger Butterfly pattern with a much smaller stop. The Bat like the Gartley is a continuation pattern that will, upon completion, follow the trend. The pattern has already hit all three TP's and I would expect the trade to continue further in line with the Butterfly pattern targets. TP2: TP3:
Short
by Cryptsyxalt
2
Bullish Shark Pattern (1H) Revised measurementsThe Shark Pattern was initially released in 2011 by Scott Carney in his Patterns into Profits course. The pattern is the primary structure that precedes a 5-0 formation. This structure is outside the typical M and W framework. It possesses a unique formation called an Extreme Harmonic Impulse Wave that retests defined support/resistance while converging in the area of the 88.6% retracement – 113% extension of XC. In all cases, the completion point must include the powerful 88.6% support/retracement as a minimum requirement. In addition, the unique extreme Harmonic Impulse Wave employs a minimum 161.8% extension of the BC leg. This combination with the 88.6% retracement defines a unique structure that possesses two profound harmonic measures to define the minimum level. In many cases, the price action will retest the initial starting point of the pattern and define excellent opportunities to take advantage of a market that has moved to far too fast within a limited period of time. This pattern frequently defines excellent opportunities but these reversals are often sharp and require specific management strategies to capitalize on the phenomenon. In many situations, the price action will retest the prior support/resistance level and typically result in a limited counter trend move. The measurements are now IMO correct. If you entered a trade on the previously published shark pattern I would advise taking full profits either immediately or at the very latest the neckline of the Head & Shoulders pattern (1H) . The new measurements reflect the current Head & Shoulders pattern in a more logically structured manner.
Long
by Cryptsyxalt
Bullish Shark Pattern (1H)The Shark Pattern was initially released in 2011 by Scott Carney in his Patterns into Profits course. The pattern is the primary structure that precedes a 5-0 formation. This structure is outside the typical M and W framework. It possesses a unique formation called an Extreme Harmonic Impulse Wave that retests defined support/resistance while converging in the area of the 88.6% retracement – 113% extension of XC. In all cases, the completion point must include the powerful 88.6% support/retracement as a minimum requirement. In addition, the unique extreme Harmonic Impulse Wave employs a minimum 161.8% extension of the BC leg. This combination with the 88.6% retracement defines a unique structure that possesses two profound harmonic measures to define the minimum level. In many cases, the price action will retest the initial starting point of the pattern and define excellent opportunities to take advantage of a market that has moved to far too fast within a limited period of time. This pattern frequently defines excellent opportunities but these reversals are often sharp and require specific management strategies to capitalize on the phenomenon. In many situations, the price action will retest the prior support/resistance level and typically result in a limited counter trend move. Now the Head & Shoulders (1H) has reached beyond TP1 for the first entry, I expect price to retest the neckline for the second more conservative entry. I will use this Bullish Shark pattern long entry to cover (hedge) my remaining short position from the H&S. The target for the Shark falls within the zone for the H&S second entry.
Long
by Cryptsyxalt
Bullish Alternate Bat Pattern (15M)The Alternate Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2003. The pattern incorporates the 113% XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 38.2% retracement or less of the XA leg. The Alternate Bat utilizes a minimum 200% BC projection. In addition, the AB=CD pattern within the Alternate Bat is always extended and usually requires a 161.8% AB=CD calculation. I am publishing this idea late again due to the Hectic day on EU yesterday. The Alternate bat like the Butterfly and Crab is a reversal pattern that should if not followed by a reversal pattern counter to its direction break above/below the pattern. However in this instance I believe there to be a Bearish butterfly pattern being formed within the target levels of this pattern. I will attempt to publish this butterfly pattern prior to entry. The confluence of factors, the Head and Shoulders (1H), the previous Butterfly (15m) should apply enough bearish pressure to stop the Alt Bat from reaching TP3 or even breaking above the pattern.
Long
by Cryptsyxalt
Bearish Butterfly Pattern (15M)The Butterfly pattern , is a harmonic pattern discovered by Bryce Gilmore using his Wave trader software program. The pattern structure was further refined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998. The Butterfly pattern must include an AB=CD pattern to be a valid signal. In general, the AB=CD Pattern will possess an extended CD leg that is 127.2% or 161.8% of the AB leg. As mentioned in the Alternate Bat pattern Idea, (linked below) this Butterfly pattern has formed within the target zone of the Alt Bat. TP2: TP3:
Short
by Cryptsyxalt
Bearish Head & Shoulders Pattern (Daily)There are many interpretations of the Head & Shoulders Pattern. After much research and back testing I have created a simple process using bespoke levels to objectively identify and trade the pattern. Through extensive research into Harmonic patterns (in particular the Butterfly) I have discovered how to accurately predict where the H&S pattern will occur. The Butterfly Pattern Forms the structure of most H&S patterns. The left shoulder forms the XA leg of the butterfly. The CD leg then forms the Head with the D point entry creating the peak. The Butterfly Target points then form the remaining structure. Once the Butterfly has completed and reached TP3 (127.2% of AD) the H&S can then be traded. Drawing the fib tool (with my bespoke levels as displayed) from the close of the candle forming the left shoulder valley to the top of the highest wick of the Head. The first entry is at 50% with the stop at 0% and TP1 at 150%. The second entry is at 100% with the stop at 50% and TP1 at 200%. This entry should be entered on the retest of 100% after the candle close below it.
Short
by Cryptsyxalt
2
Bullish Shark PatternENTRY = 1.18213 STOP = 1.18494 TARGET = 1.17646 The Shark Pattern was initially released in 2011 by Scott Carney in his Patterns into Profits course. The pattern is the primary structure that precedes a 5-0 formation. This structure is outside the typical M and W framework. It possesses a unique formation called an Extreme Harmonic Impulse Wave that retests defined support/resistance while converging in the area of the 88.6% retracement – 113% extension of XC. In all cases, the completion point must include the powerful 88.6% support/retracement as a minimum requirement. In addition, the unique extreme Harmonic Impulse Wave employs a minimum 161.8% extension of the BC leg. This combination with the 88.6% retracement defines a unique structure that possesses two profound harmonic measures to define the minimum level. In many cases, the price action will retest the initial starting point of the pattern and define excellent opportunities to take advantage of a market that has moved to far too fast within a limited period of time. This pattern frequently defines excellent opportunities but these reversals are often sharp and require specific management strategies to capitalize on the phenomenon. In many situations, the price action will retest the prior support/resistance level and typically result in a limited counter trend move. Due to the Complexity of identifying The Shark pattern I have not and do not intend to publish a tutorial on this pattern. However should it be requested I will attempt to do so. Due to the fact this pattern is in general considered a precursor to the 5-0 pattern, closing a minimum of 50% of the position at the initial target is advised
Short
by Cryptsyxalt
Bearish Crab Pattern (1H)The Crab is a precise Harmonic pattern that was discovered by Scott Carney in 2000. The Crab is a distinct 5-point extension structure that utilizes a 161.8% projection of the XA leg exclusively. This is the most critical aspect of the pattern and the defining level in the Potential Reversal Zone (PRZ). The extreme (261.8%, 314%, 361.8%) projection of the BC leg compliments the 161.8% extension of XA. Due to the extremity of the projections utilized in the completion of the pattern, the Crab frequently experiences sharp price action and dramatic reversals. It is common for price action to possess extreme ranges, quickly testing the Crab PRZ during the reversal. In fact, the price action experienced in Crab pattern completions is usually the most extreme of all of the patterns. Despite the typically severe reversals, the focus of the pattern’s completion should examine the 161.8% projection of XA. ENTRY = 1.18152 STOP = 1.18434 TP1 = 1.17696
Short
by Cryptsyxalt
Bearish Gartley (Daily)The Gartley Pattern , is a harmonic pattern discovered by H M Gartley and outlined in his book 'Profits in the Stock market', published in 1935. The pattern was further defined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998. The pattern incorporates the 78.6% retracement of XA, as the defining element in the Potential Reversal Zone (PRZ). The B point must be at the 61.8% retracement of XA. The Gartley utilizes a minimum 127.2% projection of BC . In addition, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 78.6% retracement of XA and the BC projection. This is the first of two potential Harmonic patterns on the Daily time frame signalling the continuation of the current bearish retracement on EUR/USD. ENTRY = 1.18163 STOP = 1.18719 TP1 = 1.17383
Short
by Cryptsyxalt
Bullish Crab PatternThe Crab is a precise Harmonic pattern that was discovered by Scott Carney in 2000. The Crab is a distinct 5-point extension structure that utilizes a 161.8% projection of the XA leg exclusively. This is the most critical aspect of the pattern and the defining level in the Potential Reversal Zone (PRZ). The extreme (261.8%, 314%, 361.8%) projection of the BC leg compliments the 161.8% extension of XA. Due to the extremity of the projections utilized in the completion of the pattern, the Crab frequently experiences sharp price action and dramatic reversals. It is common for price action to possess extreme ranges, quickly testing the Crab PRZ during the reversal. In fact, the price action experienced in Crab pattern completions is usually the most extreme of all of the patterns. Despite the typically severe reversals, the focus of the pattern’s completion should examine the 161.8% projection of XA. As I am yet to post a complete tutorial for the Crab pattern I did not publish this idea prior to entry, but due to it's significance to the current Bearish Gartley pattern on the Daily time frame I have published this live version to show confluence for the entry point of the Daily Gartley.
by Cryptsyxalt