The ULTIMATE Beginner's Guide to HARMONIC PATTERNS

This is a video where I talk about harmonic patterns for beginners.
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Harmonic patterns are price action patterns involving Fibonacci ratios between subsequent price movements. The theory suggests that when three or four Fibonacci ratios converge, there is a higher probability of reversal in what’s called Price Reversal Zone. There are many different harmonic patterns like bats, crabs, butterflies, gartleys, sharks, cyphers, and more. In this free trading course, I expose the various patterns showing the ratios and ranges of ratios that each pattern must follow. I also show general guidelines on how to trade such patterns, their details and peculiarities, and last but not least, I show the advantages and disadvantages of harmonic patterns. It’s paramount that beginners get in touch with the good and bad sides of each trading technique in order to avoid unnecessary pitfalls.
Smart Money Concepts Part I: • Video
Smart Money Concepts Part II: • Video
Smart Money Concepts Part III: • Video
Timestamps:
00:00 Intro
00:32 Pre-Requisites
05:14 Harmonic Patterns
06:06 Bat Pattern
09:36 ALT Bat Pattern
10:44 Butterfly Pattern
11:27 Crab Pattern
12:10 Deep Crab Pattern
12:48 Gartley Pattern
13:30 Shark Pattern
14:13 Cypher Pattern
14:55 5-0 Pattern
15:56 AB=CD Pattern
16:32 Three Drives
17:20 Details & Peculiarities
19:20 How to Trade Harmonic Patterns
20:40 Advantages & Disadvantages
#HarmonicPatternsForBeginners

Пікірлер: 115

  • @fractalflowpro
    @fractalflowpro2 жыл бұрын

    PREMIUM COURSES: FRACTAL FLOW WEBSITE: www.fractalflowpro.com/ (better seen on desktop!) PRICE ACTION COURSES: fractal-flow-price-action.dpdcart.com/ STRATEGY STORE: fractal-flow.dpdcart.com/ INSTITUTIONAL TRADING EBOOKS: fractal-flow-institutional-trading.dpdcart.com/ ADVANCED TRADING COURSE: fractal-flow-pro.teachable.com/

  • @midasapprentice8670

    @midasapprentice8670

    2 жыл бұрын

    Do you use ST Patterns as developed by Vladimir Poltoratskiy?

  • @sinan_islam

    @sinan_islam

    9 ай бұрын

    Good job man! This is the best harmonic pattern video on the internet.

  • @edufernandes_94
    @edufernandes_94 Жыл бұрын

    I started studying harmonic patterns recently and this video is helping me a lot! thanks man.

  • @montyhat2058
    @montyhat2058 Жыл бұрын

    Thanks again for another amazing video. Harmonic patterns... Gartly,Bat,,Butterfly, Shark,AB=CD,three drives . All are patterns I can find but I didn't know that rules to the ratios to respect %variance. I have a lot more to think about. Thank you so much for your insight. To comment on a comment I read earlier tonight, about how you deserve a award. I fully agree. You are my number 1 .

  • @roman_vr
    @roman_vr4 ай бұрын

    This is the best and most complete explanation, as well as the simplest, of all the ones I have seen. In a few words and with just a simple example you have explained each pattern, giving the basis that I have been looking for. Thank you for your contribution with this video.

  • @Paulocesarmao
    @Paulocesarmao2 жыл бұрын

    Hi dude, I just love your videos, they have really helped me to advance in my learning. I would like to suggest the Wycoff method as a possible next video, as it is related to the demand/supply zones where the turning point lines and Fractal candles are. I already have some info on the subject and I strongly suspect this Wycoff Channel as it is called too is deeply related to the points where there is a multidimensional confluence and would be a great idea to add this concept to our tool kit since fractal candles do not come often and on a lower time frame the Wycoff channel can give a precise entry point with a more diverse range of possibilities of reading and interpreting that small portion of the chart where the price has to stop, range for a while and only then change direction. Many thanks in advance!

  • @RickyArenas
    @RickyArenas2 жыл бұрын

    This is exactly what I need!! I literally have all your content and it’s hard to find some quality harmonic trading videos

  • @wahyupurwanto4181

    @wahyupurwanto4181

    Ай бұрын

    Harmonic pattern is bullshit pattern

  • @jonysonjamba8394
    @jonysonjamba8394 Жыл бұрын

    I can't entirely agree with you about the two first disadvantages you pop up about HP: 1. Firstly first spotting Harmonic Patterns is not difficult, you need to practice it more and more so you can be able to open a chart and without any tool have any idea of what Harmonic Formation it's being created; 2. Harmonic Patterns are M and W patterns combined with Fibs and other correlations strategies that help you to define the probable zone where the price can reverse or continue the trend called PRZ(Potential Reversal Zone)!

  • @ClintonRoss-xx5tf
    @ClintonRoss-xx5tf22 күн бұрын

    Great presentation and very empowering for beginners . Thanks 🙏

  • @sampathranasinghe7400
    @sampathranasinghe7400 Жыл бұрын

    Nice explanation. Thank you very much!🤩

  • @frankbear6354
    @frankbear6354 Жыл бұрын

    nice video. you should do one on xabcd patterns that use time and price. the upgrade in consistency is worth it alone switching imo.

  • @interseccaoquadrupla670
    @interseccaoquadrupla6702 жыл бұрын

    I'm saving this to watch when I get to work. This is gonna be a good 1. Let's gooo !!!!

  • @ShubhamSingh-tr7mm
    @ShubhamSingh-tr7mm2 жыл бұрын

    Thank you soo much again for this qualitative content sir. I really appreciate the time, energy, and efforts that you put in these videos. Anybody can tell that these videos are made of high quality material delivered in a flawless manner. Therefore, It's my very humble request that please if possible than also make the "The Ultimate guide on Elliott waves". I sincerly hope that you do consider this request. Thank you once again.

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    I will do it. It's a question of time.

  • @awfullawton4470

    @awfullawton4470

    Жыл бұрын

    Your wish has been granted kzread.info/dash/bejne/X4CWtJmMe8LScaQ.html

  • @samual1207
    @samual12072 жыл бұрын

    Great video, thank you for taking the time to enlighten your audience! Would you consider making price action analysis for US market (SPY) on high time frame once in a while?

  • @ImranImran.linkedin
    @ImranImran.linkedin Жыл бұрын

    very simple n beautifully explaines a helpful specially for begginers

  • @razzaqfasherazzaq1636
    @razzaqfasherazzaq16362 жыл бұрын

    A great one again Ed. Harmonic patterns were among the first set of things I learned about trading some three years ago but I consider the fractal flow methodology with the advanced price action trading superior to the harmonic patterns. Those make more sense to me than just looking for patterns. Thanks once again Chief..

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    Oh sure, these are just simple patterns.

  • @7indranil

    @7indranil

    2 жыл бұрын

    why you are not millionaire yet ?? u got everything right?? nothing works 100% ,it's always a probability game

  • @juliuszodzenu8756

    @juliuszodzenu8756

    Жыл бұрын

    I think u are new in this game.If u are in the game for long,u will understand that every strategy makes money in the forex market if only the trader has find an edge with that strategy.never condemn any aspect of trading.Because I know traders with different strategies (price action, harmonic patterns,smart money concept, indicators) but they all make money.

  • @lawrencerbe2661

    @lawrencerbe2661

    4 ай бұрын

    @@juliuszodzenu8756 Agreed

  • @Uk.Cinema
    @Uk.Cinema2 жыл бұрын

    Thank you so much for this your video its on of the best

  • @Vojislav011
    @Vojislav011Ай бұрын

    Great video and best resource I've found, thanks friend.

  • @tusharbuchiya2541
    @tusharbuchiya25412 жыл бұрын

    Thank you sir🙏

  • @alok_srivastava
    @alok_srivastava2 жыл бұрын

    I didn't find any detailed video than your videos on any topic on KZread and it is absolutely free. That's why I like your videos. I request you to make detailed videos on RSI, MACD, Eliot Waves, trading Strategy+Planning and Risk Management. Please do make if you can. 🙏🙏🙏

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    Thanks for the feedback

  • @Adrum80
    @Adrum80 Жыл бұрын

    Really great content. I use software that draws these as they’re forming, this helps me to understand how/why. Thanks!

  • @sickdaze98

    @sickdaze98

    Жыл бұрын

    what software sir

  • @srinivasareddyk2317
    @srinivasareddyk23172 жыл бұрын

    Thank you very much for sharing a lot

  • @giftVuRa
    @giftVuRa2 жыл бұрын

    Thank You!!!♥️🙏this is what I needed right now 🥰

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    Great!

  • @iiTzDeadshot
    @iiTzDeadshot2 жыл бұрын

    Fractal Flow When should i use schiff and when modified schiff pitchfork? Whats the defference btw them?

  • @NessunDorma732
    @NessunDorma7322 жыл бұрын

    Thank you !

  • @user-lq6wv3nl8n
    @user-lq6wv3nl8n11 ай бұрын

    thank you for this informative video .

  • @sophalfx7216
    @sophalfx72162 жыл бұрын

    Thank you so much for share

  • @edilsonmazive6811
    @edilsonmazive68112 жыл бұрын

    thank u so much for our ultimate lessons, we need the ultimate guide to STOP LOSS and TAKE PROFIT POSITION CARRECTLY

  • @benjaminjoeBF3

    @benjaminjoeBF3

    2 жыл бұрын

    You will loose everything when you die. Chicken.

  • @bronson1392

    @bronson1392

    Жыл бұрын

    Well here’s your first lesson spelling ‘Correctly’

  • @cookingvooking56

    @cookingvooking56

    Жыл бұрын

    @@bronson1392 it’s ok to misspell . English is not important while intention is .

  • @bensonngatia1065

    @bensonngatia1065

    11 ай бұрын

    @@bronson1392 You are in the wrong channel, Mrs. English

  • @dandyoz
    @dandyoz21 күн бұрын

    Thanks for this video

  • @ikelite6402
    @ikelite6402 Жыл бұрын

    Thank you brother.

  • @RHOTYME001
    @RHOTYME0013 ай бұрын

    Amazing, thank you for the detailed free content. However, I observed that square root of 61.8 and and 161.8 is 7.86 and 12.7 respectively. And the 4 square root of the same figure is 2.8 and 3.5% against the answer we have in the video. Pls I need clarity. Thank you

  • @rajeevvk5418
    @rajeevvk54189 ай бұрын

    very good explanation

  • @MohammadShehzad
    @MohammadShehzad5 ай бұрын

    Will you consider closing price or the wick while applying fib?

  • @acharya16
    @acharya162 жыл бұрын

    In real market, we need to work on line / candle stick and if candle stick should we take wig price or close price. Please share your view

  • @_N0_0ne
    @_N0_0ne8 ай бұрын

    Thank you

  • @nandatikare9145
    @nandatikare9145 Жыл бұрын

    Than you sir.

  • @simokhaoua9496
    @simokhaoua94962 жыл бұрын

    thanks for your effort Ed. Can you do a video about Dark pool liquidity? plz

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    Will do at some point

  • @mykekolinski6431
    @mykekolinski6431Ай бұрын

    Can i combine harmonic patterns strategy and wyckoff method?

  • @abhishekkalal5221
    @abhishekkalal5221 Жыл бұрын

    Which time frame is suitable for harmonic pattern

  • @deedsofdecapitation7477
    @deedsofdecapitation7477 Жыл бұрын

    Couple questions here. First, Trading Centre lists the patterns as having specific Fibonacci retracements and extensions, and I would agree with that, given the fact that if you stretch the extensions/retracements to anywhere from 38%-88%, you could pretty much cherry pick and make them fit whenever you want them to on a chart, with such a large margin of error. I think they would be much less accurate than if you had specific 38 or 61 percent retracements and extensions. Much more objective this way. Another question is, when drawing these patterns, let's say you have long wicks and small candle bodies. Should I connect the patterns with the wicks, or the candle bodies, because I noticed if I cherry pick, and mix them, again I can "make them fit". But only using wicks, or only using bodies, it's much harder to make the harmonic patterns fit better. The last question is, how close should the retracements/extensions fit, to make the pattern valid? Is it within a reasonable (small) margin of error, or does it have to be exact?

  • @TradersEdge01

    @TradersEdge01

    Жыл бұрын

    I have the same problem, but from the TTC I know that you should be connecting the bodies, not the whicks of the candles.

  • @deedsofdecapitation7477

    @deedsofdecapitation7477

    Жыл бұрын

    @@TradersEdge01 Well that post was 2 months ago, since then I've been backtesting as much as possible on different time frames using different combinations of patterns. Probably done like 1000 backtests in total lol. From my experience, I'm connecting the wicks only, on anything from the daily to the 5 minute time frame.

  • @vineetverma4547
    @vineetverma4547 Жыл бұрын

    Thanks

  • @soarq86
    @soarq86 Жыл бұрын

    You can read tarot cards or do Elliott Waves or harmonic patterns. Though I prefer moon phases. Each to their own, I guess.

  • @fractalflowpro

    @fractalflowpro

    Жыл бұрын

    Moon phases are not subjected to the self-fulfilling prophecy effect that common methods are, so no, they are not the same.

  • @kuyaelijah474
    @kuyaelijah4748 ай бұрын

    But what time frame works best for these harmonic patterns?

  • @soulrelaxation5977
    @soulrelaxation59772 жыл бұрын

    How do you measure these ratios?

  • @Garen1
    @Garen1 Жыл бұрын

    as someone who has been studying elliot waves, this seems to be the other side of same coin. almost every single pattern here was a corrective abc in ew terms. it’s cool to see two concepts that merge

  • @moneyplay2603

    @moneyplay2603

    Жыл бұрын

    I was thinking the same thing

  • @johnmandude1

    @johnmandude1

    10 ай бұрын

    funny enough my buddy just told me to look up harmonic patterns today. and i have been learning elliot wave theory and i was telling him when i looked at my first butteryfly pattern on google images it looked like the abc corrective pattern of an elliot wave sequence... this just helps me further my belief that there is some sort of order to the chaotic nature of the market and they co align with the laws of our nature and life in the form of fibbonaci and fractals. this is what intrigues me the most about the whole thing. knowing how to spot this and combining it with smart money concepts to try and have an edge against the institutional traders that are trying to stop you out or trap you in seems like it could lead to mastering the markets.

  • @fulgurflavo5913
    @fulgurflavo5913 Жыл бұрын

    PRZ = *Potential* reversal zone, *not* Price reversal zone

  • @waledsamadi4564
    @waledsamadi45642 ай бұрын

    could you tell me how I can use Fib in vertical form

  • @eschmitt90
    @eschmitt902 жыл бұрын

    Can you please touch on the bearish fart cloud pattern?

  • @HighWinningRate
    @HighWinningRate2 жыл бұрын

    thank u for this definition but do you know any millionaire who trades harmonics ?

  • @nationofmorons6018
    @nationofmorons6018 Жыл бұрын

    Yet time is most important factor for turning points. Markets make highs and lows in time……price is secondary

  • @joannahuc1318
    @joannahuc1318 Жыл бұрын

    It would be helpful to show real chart examples for those of us who are new at this.

  • @damrongtresukosol5589
    @damrongtresukosol55892 жыл бұрын

    Great content, I start to find X,A,and B to ride the move. XAUUSD just follow Harmonic pattern. Now wait for entry at 1820,1830,1840

  • @JUSTTRADEBRUH
    @JUSTTRADEBRUH Жыл бұрын

    Do you know we have 32 types of harmonic patterns 16 bearish and 16 bullish , 4 (2-0), 4(2-1), 4(1-2), 4(0-2).

  • @dannytetreault
    @dannytetreault2 жыл бұрын

    How do you arithmetically calculate the ratio between the two lines?

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    It's demonstrated in the beginning of the video

  • @dannytetreault

    @dannytetreault

    2 жыл бұрын

    @@fractalflowpro yeah I re-watched it over again! I get it. Dan T

  • @allezism1
    @allezism1 Жыл бұрын

    thats is why i not understanded forex ..... damn. Thank you a lot !!!

  • @Uk.Cinema
    @Uk.Cinema2 жыл бұрын

    How did you know such complex topic?.

  • @soulrelaxation5977
    @soulrelaxation59772 жыл бұрын

    This is going to be very difficult but I hope I can grasp something

  • @publicviews9687
    @publicviews96872 жыл бұрын

    How do you measure ratios?

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    Fibonacci tool or harmonic pattern tool in tradingview

  • @joeljoefield6401
    @joeljoefield64012 жыл бұрын

    can this be used for binaries?

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    Don't trade binary options. It's a terrible idea.

  • @mkz107
    @mkz1072 жыл бұрын

    Do you offer paid buy or sell signals?

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    No

  • @mkz107

    @mkz107

    2 жыл бұрын

    @@fractalflowpro I wish you did at least on main indices like s&p I would pay you cuz I trust you. Please consider that I’m sure a lot of people would be interested too

  • @davislavon6197
    @davislavon6197 Жыл бұрын

    How can one differentiate between Harmonic pattern and Order block

  • @mtrix5530

    @mtrix5530

    Жыл бұрын

    bruh. its a pattern, order block is a specific zone

  • @davislavon6197

    @davislavon6197

    Жыл бұрын

    Do you know a breaker block?

  • @mtrix5530

    @mtrix5530

    Жыл бұрын

    @@davislavon6197 yeah.

  • @davislavon6197

    @davislavon6197

    Жыл бұрын

    Then you should understand my question

  • @md.momtazulhaque7128
    @md.momtazulhaque7128 Жыл бұрын

    Where is the practice example.

  • @sudhash2000
    @sudhash2000 Жыл бұрын

    "Non-sense will become true" 😄

  • @foamformbeats
    @foamformbeats Жыл бұрын

    Are there any time frames that work better than others? I'm guessing 4 hour is ideal?

  • @fractalflowpro

    @fractalflowpro

    Жыл бұрын

    No. All time frames are the same.

  • @369forecast
    @369forecast Жыл бұрын

    What do you think about EARNINGS Levels by this banker - kzread.info/head/PLx_YGZ9_oRt_0kZgTSYtQJU4lOazgMfV6

  • @PhilC
    @PhilC2 жыл бұрын

    The Cypher you have here is not correct. It's 127% - 1414% with price action not allowing to close beyond 1414% with entries at 786%, not ideally. The 113% is the Shark.

  • @fractalflowpro

    @fractalflowpro

    2 жыл бұрын

    It's correct according to the reference I used.

  • @casillaswong3041

    @casillaswong3041

    Жыл бұрын

    @@fractalflowpro This seems to be a controversial issue, The Cypher pattern is not uniform in many references

  • @casillaswong3041

    @casillaswong3041

    Жыл бұрын

    @@fractalflowpro 我使用你的方法做了回测,对于原来别人讲的Cypher pattern策略,发现你的方法成功率更高一些,太感谢你了,希望以后你能做出更多优秀的视频

  • @dannytetreault
    @dannytetreault2 жыл бұрын

    Clearly, these strategies are not beginner friendly! Advanced trading techniques.

  • @jacobroque7497
    @jacobroque74972 жыл бұрын

    this video is only like reading a book without actual example.. not really a beginners guide.

  • @sadiqzaidi9956
    @sadiqzaidi99567 ай бұрын

    kzread.info/dash/bejne/gmhnyMenZMK3g5c.htmlsi=DbsFmMAPH8Vo9_MP virendra sir smjhate bhut achA hai aur unka way of analysis hai vo bhut acha hai