How to trade harmonic patterns: trading the Gartley pattern - Part 2

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Harmonic trading combines price patterns and math into a trading strategy. Harmonic price patterns are exact. They show particular price action movements, forming specific price patterns, that the trader can use to find a reversal point and enter trades accordingly.

Traders can use harmonic patterns to trade any market: Stocks, futures, forex, currencies, cryptos, etc.

The harmonic pattern trader can anticipate the length of the price moves and enter and exit trades based on this knowledge.

The harmonic patterns use Fibonacci techniques which makes them perfect for fibonacci trading.

This introduction to harmonic patterns video will explain one of the basic harmonic patterns - the Gartley pattern. This pattern was found and presented by H.M. Gartley in his book Profits in the Stock Market. The specific Fibonacci levels were published by Scott Carney in the book The Harmonic Trader.

The pattern is often found early in a market trend. It usually signals that the corrective waves - pullbacks or bear rallies - are ending. After the point D a new move will follow. This is the potential reversal zone. This is where you would establish new positions.

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