Harmonic price patterns are those that take geometric price patterns to the next level by utilizing Fibonacci numbers to define precise turning points. Unlike other more common trading methods, harmonic trading attempts to predict future movements.
Scott scarney coined the phrase Harmonic Trading and is largely responsible for popularizing the use of Fibonacci ratios and their respective patterns over the past three decades. He has defined all of the harmonic patterns such as the Bat pattern, the ideal Gartley pattern, the 5-0, the Shark, the Crab pattern and many others. In addition to these discoveries, Scott created many other strategies that comprise the Harmonic Trading approach, including the RSI BAMM, 38.2% Trailing Stop, the Potential Reversal Zone, the theory of Fibonacci ratio convergence, the Alternate AB=CD patterns, the perfect harmonic pattern alignments, the Harmonic Trading Execution Plan, the harmonic impulse structures
Start with a demonstration class.