Back to Glossary
Technical AnalysisH
Harmonic Pattern
Advanced chart patterns based on Fibonacci numbers that project future price levels. Includes Gartley, Butterfly, Bat, and Crab patterns.
Example
“A trader identified a bullish Gartley harmonic pattern completing at the 78.6% Fibonacci retracement on EUR/USD and entered a long position at point D with a tight stop loss.”