Harmonic patterns: do they hold up in your trading?
Gartley, bat, crab and butterfly — harmonic patterns claim precise Fibonacci geometry predicts reversals. The precision is seductive; the results depend entirely on execution discipline.
Have you traded harmonics?
- the pattern you used and its success rate
- how strictly you enforced the Fibonacci ratios
- what made you keep or drop them
The Fibonacci guide covers the ratios the patterns are built from.
Background: Fibonacci retracements explained: the 38.2%, 50% and 61.8% levels
How traders draw Fibonacci retracement levels across a price swing, where the ratios come from, and why the levels work best as zones alongside other evidence.
What are the main Fibonacci retracement levels?
23.6%, 38.2%, 50%, 61.8% and 78.6% of the prior price swing. The 50% level isn't a Fibonacci ratio but is included because traders watch halfway points.
Do you draw Fibonacci from high to low or low to high?
In an uptrend, from the swing low to the swing high; in a downtrend, from the swing high to the swing low. The levels then show how far a pullback has retraced the move.
Comments
Log in to join the discussion. Comments follow the community guidelines.
Log in to commentLoading comments…