Harmonic Pattern Finder

Add Wishlist

Harmonic Pattern Finder Forex Indicator MT5

How to Identify Trade
The indicator uses the vital Fibonacci numbers to determine the pattern. It identifies and draws various patterns on the chart, including;

Bat models
Butterfly patterns
Crab models
ABCD patterns
Gartley Templates
Example of trading with the Harmonic Pattern Finder
The chart shows the change in the price of the euro against the US dollar over 4 hours. The indicator identifies the shark pattern and highlights it in blue. The indicator gives excellent trading signals after the patterns are fully formed, as shown in the figure.

You should wait for the pattern to form and enter at the right time. Once the pattern is mature and fully formed, jump into the trade. Notice how the market moved over 300 pips after the pattern appeared.

However, you can still trade when the pattern is still in the making. Because harmonic patterns use exact Fibonacci values, you can trade in different areas to catch small ups and downs.

Conclusion
Harmonic patterns are one of the most profitable patterns in Forex trading. However, drawing a pattern is quite an exciting activity, especially considering they are uncommon. This means that Fibonacci must accurately draw the pattern, ensuring that the Fibonacci ratios are accurate. Thanks, the indicator identifies patterns. You only need to wait for the pattern to form and fully enter the trend reversal direction.

Comment*