🔵 Introduction The Deep Crab pattern is a 5-point extension harmonic structure (X-A-B-C-D) used in technical analysis to identify potential reversal points in financial markets. Like the original Crab pattern, it heavily relies on a 1.618 XA projection to form the Potential Reversal Zone (PRZ). However, the key difference lies in the B point, which must be an...
🔵 Introduction The Bat Harmonic Pattern, created by Scott Carney in the 1990s, is a sophisticated tool in technical analysis, used to identify potential reversal points in price movements by leveraging Fibonacci ratios. This pattern is classified into two primary types: the Bullish Bat Pattern, which signals the end of a downtrend and the beginning of an...
🔵 Introduction The Shark harmonic pattern, first introduced by Scott Carney in 2011, is a recognized tool in technical analysis. Since its inception, it has been widely adopted by traders as an essential market analysis tool. Due to its complexity, the Shark pattern can be challenging for novice traders. Therefore, we have developed the Harmonic Pattern...
🔵 Introduction The Crab pattern is recognized as a reversal pattern in technical analysis, utilizing Fibonacci numbers and percentages for chart analysis. This pattern can predict suitable price reversal areas on charts using Fibonacci ratios. The structure of the Crab pattern can manifest in both bullish and bearish forms on the chart. By analyzing this...
Hello All, We need to make things better & better to solve the puzzle and I try to do my best on this way for the community. now I am here with my Harmonic Patterns Pro script. Harmonic Pattern recognition is the basic and primary ability any trader develops in technical analysis. Harmonic pattern recognition takes extensive practice and repetitive...
Hello Traders, This is Harmonic Pattern script . I made this script long time ago and now pubished it for the community. it can find & show following patterns: - Gartley - Butterfly - Bat - Alternate Bat - Crab - Deep Crab - Shark - Cypher - Double Top - Double Bottom - ABCD only ABCD patterns is not enabled by default, you can enable if you want. The...