The classic harmonic pattern with specific Fibonacci ratios. XA retracement of 0.618 at B, completion at 0.786 XA at D.
Indicators Used
Harmonic ScannerFibonacci RetracementRSI Divergence
Rules
📐 Pattern Rules
- B = 0.618 retracement of XA
- C = 0.382-0.886 retracement of AB
- D = 0.786 retracement of XA
- D = 1.27-1.618 extension of BC
📈 Entry at D
- Enter at D point completion
- Wait for reversal candle confirmation
- Stop loss beyond X point
- TP1 at 0.382 AD, TP2 at 0.618 AD