The Butterfly pattern, some traders love it, and some traders run from it. But if you have not traded it yet, you are missing out on some nice opportunities. Before I started digging into Elliott waves, Harmonic patterns were my playground. If there is one strategy thatÂ can teach you both patience and discipline in trading, […]

## Elliott Waves, Harmonics and Fibonacci ratios

Lets face it. Getting a sense of direction on any chart is not an easy task. But it’s not impossible. Especially, when we combine Elliott waves theory with Harmonic patterns and Fibonacci ratios for example. Elliott waves theory (I believe it’s not a theory anymore, but a proven strategy) is an excellent method to study

## Bearish Dragon – Has the USDCAD topped?

Bearish Dragon pattern can pick reversals and trendline breakouts effectively The bearish dragon that we have been waiting for so long, may have arrived at a fundamentally conflicting situation.   With the USD interest rate increment announced only few trading days ago, in a fundamental point of view, there is more upside to the USDCAD.

## ABCD or AB=CD Advanced Harmonic Pattern

ABCD or AB=CD is the most basic of all harmonic patterns. Harmonic patterns are defined by fibonacci retracement and extension ratios. Yes, in order to understand harmonics, its imperative that you have a deep understanding of fib ratios. If you are totally new to harmonic trading or trading in general for that matter please read

## History of Harmonic Patterns

This is a short post about the history of harmonic trading and patterns. Why do these patterns appear and why are they so popular? Well, it’s a question like why do the pyramids exist and why would someone build such massive structures, and who did build them in the first place? In the same context,

## An Introduction to Harmonic Trading

What is Harmonic Trading? SometimeÂ ago, I saw couple of videos where this trader draws these strange looking triangles on a chart and he even went on to name these patterns with names of different animals including the butterfly, which in fact resembled the wings of a butterfly. Obviously, I was curious to say the least.

Scroll to Top