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Harmonic Patterns Detection

TRN's Harmonic Patterns Suite identifies 7 Fibonacci-based patterns with precision. Our algorithm scans for these complex formations across multiple timeframes, providing real-time alerts and statistical success rates.

Key Components​

  1. XA Leg: The initial price move.
  2. AB Leg: A retracement of the XA leg, typically 61.8%.
  3. BC Leg: A retracement of the AB leg, typically 38.2% or 88.6%.
  4. CD Leg: An extension of the BC leg, typically 127.2% or 161.8%.

Trading Implications​

The Gartley pattern signals a potential reversal at point D. Traders often enter a trade at this point, with a stop-loss just beyond it. The target is usually set at the 38.2% or 61.8% retracement of the CD leg.

Butterfly Pattern​

Butterfly Harmonic Pattern with Fibonacci Ratios

Pattern Formation​

The Butterfly pattern is similar to the Gartley but has a more extended CD leg. It also forms an "M" or "W" shape and is identified using specific Fibonacci levels.

Key Components​

  1. XA Leg: The initial price move.
  2. AB Leg: A retracement of the XA leg, typically 78.6%.
  3. BC Leg: A retracement of the AB leg, typically 38.2% or 88.6%.
  4. CD Leg: An extension of the BC leg, typically 161.8% or 224%.

Trading Implications​

The Butterfly pattern signals a potential reversal at point D. Traders often enter a trade at this point, with a stop-loss just beyond it. The target is usually set at the 38.2% or 61.8% retracement of the CD leg.

Bat Pattern​

Bat Harmonic Pattern Formation with Price Swings

Pattern Formation​

The Bat pattern is a variation of the Gartley pattern with a more precise Fibonacci retracement level for the AB leg. It also forms an "M" or "W" shape.

Key Components​

  1. XA Leg: The initial price move.
  2. AB Leg: A retracement of the XA leg, typically 38.2% or 50%.
  3. BC Leg: A retracement of the AB leg, typically 38.2% or 88.6%.
  4. CD Leg: An extension of the BC leg, typically 161.8% or 261.8%.

Trading Implications​

The Bat pattern signals a potential reversal at point D. Traders often enter a trade at this point, with a stop-loss just beyond it. The target is usually set at the 38.2% or 61.8% retracement of the CD leg.

5-0 Pattern​

5-0 Harmonic Pattern with Five Price Swings

Pattern Formation​

The 5-0 pattern is a newer harmonic pattern that consists of five price swings. It is identified using specific Fibonacci retracement and extension levels.

Key Components​

  1. XA Leg: The initial price move.
  2. AB Leg: A retracement of the XA leg, typically 113% or 161.8%.
  3. BC Leg: A retracement of the AB leg, typically 161.8% or 224%.
  4. CD Leg: An extension of the BC leg, typically 161.8% or 261.8%.
  5. DE Leg: An extension of the CD leg, typically 127.2% or 161.8%.

Trading Implications​

The 5-0 pattern signals a potential reversal at point E. Traders often enter a trade at this point, with a stop-loss just beyond it. The target is usually set at the 38.2% or 61.8% retracement of the DE leg.

Crab Pattern​

Crab Harmonic Pattern with Extreme Extensions

Pattern Formation​

The Crab pattern is known for its extreme precision and is identified using specific Fibonacci retracement and extension levels. It consists of four price swings.

Key Components​

  1. XA Leg: The initial price move.
  2. AB Leg: A retracement of the XA leg, typically 38.2% or 61.8%.
  3. BC Leg: A retracement of the AB leg, typically 38.2% or 88.6%.
  4. CD Leg: An extension of the BC leg, typically 261.8% or 361.8%.

Trading Implications​

The Crab pattern signals a potential reversal at point D. Traders often enter a trade at this point, with a stop-loss just beyond it. The target is usually set at the 38.2% or 61.8% retracement of the CD leg.

Cypher Pattern​

Cypher Harmonic Pattern with Price Swings

Pattern Formation​

The Cypher pattern is a newer harmonic pattern that consists of four price swings. It is identified using specific Fibonacci retracement and extension levels.

Key Components​

  1. XA Leg: The initial price move.
  2. AB Leg: A retracement of the XA leg, typically 38.2% or 61.8%.
  3. BC Leg: A retracement of the AB leg, typically 113% or 141.4%.
  4. CD Leg: An extension of the BC leg, typically 78.6% or 127.2%.

Trading Implications​

The Cypher pattern signals a potential reversal at point D. Traders often enter a trade at this point, with a stop-loss just beyond it. The target is usually set at the 38.2% or 61.8% retracement of the CD leg.

Shark Pattern​

Shark Harmonic Pattern with Four Price Swings

Pattern Formation​

The Shark pattern is a newer harmonic pattern that consists of four price swings. It is identified using specific Fibonacci retracement and extension levels.

Key Components​

  1. XA Leg: The initial price move.
  2. AB Leg: A retracement of the XA leg, typically 113% or 161.8%.
  3. BC Leg: A retracement of the AB leg, typically 161.8% or 224%.
  4. CD Leg: An extension of the BC leg, typically 161.8% or 261.8%.

Trading Implications​

The Shark pattern signals a potential reversal at point D. Traders often enter a trade at this point, with a stop-loss just beyond it. The target is usually set at the 38.2% or 61.8% retracement of the CD leg.

FAQ​

Next Steps​