Harmonics Patterns Intro

Harmonics use specific price and time relationships to identify potential support and resistance zones in the market. The theory behind harmonic patterns is that they are based on certain price patterns that indicate areas where the market is likely to experience a reversal.

The most commonly used harmonic patterns include:

• Gartley pattern
• Butterfly pattern
• Bat pattern
• Crab pattern
• Shark pattern

These patterns are identified by specific Fibonacci ratios and price structures, and are used to predict price movements and potential areas of support and resistance. The key idea behind harmonic patterns is that they can be used to identify a reversal zone and the potential size of the price move.