Harmonic Patterns in PFOREX Assist - Technical Analysis and Market Signals

Harmonic Patterns in PFOREX Assist

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Harmonic Patterns in PFOREX Assist

Eighty fourth session - PFOREX Assist Tutorial

Welcome back to Forex professional training.

In this session we will review;

  • The available Harmonic patterns in PFOREX Assist
  • The specific structure of Harmonic patterns with some examples

Harmonic Patterns in PFOREX Assist

The different patterns of Harmonic that we will review are as follows;

  • 5-0
  • AB=CD
  • Alt Bat
  • Bat
  • Butterfly
  • Crab
  • Cypher
  • Deep Crab
  • Gartley
  • Shark
  • Three Drives

Harmonic Patterns in PFOREX Assist - PRZ & Entry Zone

The detailed information of Harmonic patterns that are applied by PFOREX Assist are available in Text, PDF and Video formats for traders. It is strongly recommended that traders study them before using Harmonic patterns for trading.

The Harmonic Patterns are generated and developed by Scott Carney, who provides the enhanced Harmonic patterns for trading through harmonictrader.com. The Harmonic patterns are enhanced to provide more reliable signals and market analysis.

In case that there is a new Harmonic pattern, PFOREX will apply the new one with developed performance for reliable market analysis and signals.

Although all the require information of Harmonic patterns are available in the Education section, still we will check and review them. All the 11 pattern types will deliver Potential Reversal Zone (PRZ) to detect the reversal area where the price would change the direction.

Unlike the classic patterns, Harmonic patterns may seem hard to find due to their complicated structure and various ratios between the waves and swings. Even the most professional traders may forget the ratios, hence they would check the Harmonic specifications frequently.

One of the most spectacular service, by PFOREX Assist, is the instant and highly reliable detection system on all trading strategies and patterns including Harmonic patterns on all trading symbols and time-frames.

Traders can simply customize the settings to receive the favorite signals and analysis.

The Harmonic Patterns specific structures and ratios

Now we are going to check the available Harmonic patterns with some useful examples.

5-0

Based on the predefined ratios of this pattern, a PRZ shows a reversal area in which GBPUSD price would increase with some confirmations. The detailed data of Harmonic patterns are available in Description and Table of Specifications.

Harmonic Patterns in PFOREX Assist - 5-0 PRZ - Bullish Analysis

On Gold price chart, a 5-0 pattern is formed that confirms the bearish future trend with reversal spot inside the PRZ. A reversal confirmation will detect the last peak on which traders can order a bearish sell position.

Harmonic Patterns in PFOREX Assist - 5-0 PRZ - Bearish Analysis

AB=CD

The formed AB=CD pattern on GBPUSD shows future bullish trend. A reversal confirmation inside the PRZ will help traders to detect the Entry price for the bullish order.

Harmonic Patterns in PFOREX Assist - AB=CD PRZ - Bullish Analysis

The next AB=CD example detects the PRZ with the probable future bearish trend. After other confirmations, traders can find suitable spot for the Sell order with certain Take Profit and Stop Loss prices.

Harmonic Patterns in PFOREX Assist - AB=CD PRZ - Bearish Analysis

Alt Bat

The upward future trend is detected after this Harmonic pattern is formed in H1 timeframe. The Buy order can become active after price reaches the Entry price inside PRZ of this Harmonic pattern.

Harmonic Patterns in PFOREX Assist - Alt Bat PRZ - Bullish Analysis

The next example shows possible Sell order by the Harmonic pattern on GBPCHF symbol. With the other confirmations, traders can order bearish positions with certain Entry and Exit prices.

Harmonic Patterns in PFOREX Assist - Alt Bat PRZ - Bearish Analysis

Bat

The formed Bat Harmonic pattern on EURUSD in M30 shows the PRZ where it is speculated that price would rise after confirmations specify the exact Entry Price.

Harmonic Patterns in PFOREX Assist - Bat PRZ - Bullish Analysis

The bearish future trend is detected after Bat Harmonic pattern has identified a PRZ which certain Exit prices.

Harmonic Patterns in PFOREX Assist - Bat PRZ - Bearish Analysis

Butterfly

The ratios of developed Harmonic pattern show that the type is Butterfly on Gold chart price in M5 timeframe. The Entry price is inside the PRZ that is determined by this Harmonic pattern.

Harmonic Patterns in PFOREX Assist - Butterfly PRZ - Bullish Analysis

On Oil price chart, a Butterfly Harmonic pattern is detected that shows probable future bearish trend. The reversal spot inside the PRZ can be specified by other confirmations.

Harmonic Patterns in PFOREX Assist - Butterfly PRZ - Bearish Analysis

Crab

The EURAUD price has formed a Crab that detects a probable future upward trend after price reaches the Entry price inside the PRZ. Other confirmations may help traders to find the exact reversal spot.

Harmonic Patterns in PFOREX Assist - Crab PRZ - Bullish Analysis

The Oil price in M5 time-frame at 11:30, 21st of July 2017 has formed a Crab Harmonic pattern in which traders can order Sell positions after a reversal spot is detected by other confirmations.

Harmonic Patterns in PFOREX Assist - Crab PRZ - Bearish Analysis

Cypher

The next example shows a future bullish trend by the formed Cypher pattern, which has certain ratios between each wave. The Stop Loss price is below the PRZ while there are two Take Profit prices.

Harmonic Patterns in PFOREX Assist - Cypher PRZ - Bullish Analysis

The GBPUSD price trend has formed a bearish format of Cypher pattern. Two Take Profit prices are determined by this pattern, however, more confirmations with higher success rate may show that price may reach the 2nd Take Profit price after passing the 1st Take Profit.

Harmonic Patterns in PFOREX Assist - Cypher PRZ - Bearish Analysis

Deep Crab

The bearish trend of Gold chart formed a Deep Crab pattern to show an area in which reversal spot may appear, called PRZ. It is speculated that price may increase after other bullish confirmations.

Harmonic Patterns in PFOREX Assist - Deep Crab PRZ - Bullish Analysis

The next example shows a bearish analysis that is generated by a Deep Crab pattern. It is speculated that price may decrease after a powerful reversal pattern identifies the reversal spot inside the PRZ.

Harmonic Patterns in PFOREX Assist - Deep Crab PRZ - Bearish Analysis

Gartley

The bullish example is developed inside on EURUSD in M5 time-frame with two Take Profit prices above the PRZ and Stop Loss price below it.

Harmonic Patterns in PFOREX Assist - Gartley PRZ - Bullish Analysis

On the GBPUSD symbol, a bearish analysis is generated in M30 to confirm the Sell orders. The reversal spot can be detected by a powerful reversal pattern.

Harmonic Patterns in PFOREX Assist - Gartley PRZ - Bearish Analysis

Shark

Bullish Shark pattern is formed to detect an upward trend after a bearish price trend. The Entry price inside the PRZ as well as Take Profit and Stop Loss prices are specified inside the left top data table.

Harmonic Patterns in PFOREX Assist - Shark PRZ - Bullish Analysis

The other example shows a bearish analysis in which 4 waves of Shark pattern is clearly demonstrated with certain PRZ, Entry and Exit prices.

Harmonic Patterns in PFOREX Assist - Shark PRZ - Bearish Analysis

Three Drives

The last pattern we are gonna check is Three Drives type that has 5 waves. The PRZ shows the area in which Entry price is identified. The two Take Profit prices are somehow near each other and the Stop Loss is below the PRZ.

Harmonic Patterns in PFOREX Assist - Three Drives PRZ - Bullish Analysis

Finally the Oil price chart shows a bearish analysis, generated by suitable pattern, in which probable market trend is downward after price passes the Entry price inside the PRZ.

Harmonic Patterns in PFOREX Assist - Three Drives PRZ - Bearish Analysis

Notices

In this session, we checked some useful information and examples to check the provided Harmonic pattern by PFOREX Assist.

Based on the quality rate of generated analysis as well as the other confirmation, traders can use the strategies to gain information about probable future price movement.

In the near future, PFOREX will represent the valid and outstanding statistics and the outcomes of each strategy for higher performance and will enhance the efficiency as well as quality.

You can download PFOREX Assist app for iOS and other platforms devices to receive these signals instantly, however I have to insist that all the services provided PFOREX are as information, not as suggestion nor advice.

That concludes this session, until next time and another session, take care.

Linkages & Notices

You can also view the video of this session available on the PFOREX Financial Video tutorials.

You can also find the video of this session on PFOREX YouTube Channel.

PFOREX Assist app provides BEST & FREE trading signals and market analysis. PFOREX Assist is available on App Store (iOS version) & Play Store (Android version).

The PDF file of this session is also available.


PFOREX Educational materials in text and video formats are developed by PFOREX Department of Education to enhance and improve investors’ knowledge and trading skills. Due to high risks and volatile fluctuations in financial markets, traders and investors must develop their trading skills and knowledge. It is strongly recommended to apply Risk and Capital Management when trading in financial market.

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