## What is Harmonic price patterns ?

Harmonic price patterns use Fibonacci numbers to define precise turning points, taking geometric price patterns to the next level. Harmonic trading, unlike other more frequent trading approaches, tries to forecast future movements. There are a variety of chart patterns to pick from. Each of which used to recognize a certain type of trend. It’s important to remember, though, that before you follow any pattern, you should be confident in your ability to perform your own technical analysis so that you can always make the best – and quickest – trading decisions.

### Harmonic pattern using Fibonacci Numbers:

Harmonic trading is a trading method that combines patterns and math to create a precise trading method based on the premise that patterns repeat themselves. The main ratio, or a derivation of it, lies at the heart of the technique (0.618 or 1.618). 0.382, 0.50, 1.41, 2.0, 2.24, 2.618, 3.14, and 3.618 are some of the complementing ratios. Almost all natural and environmental structures and occurrences contain the main ratio, as well as man-made structures. The ratio in financial market. Which influenced by the environments and societies in which they trade, because the pattern repeats throughout nature and within society.

The trader can use Fibonacci ratios to try to predict future movements by identifying patterns of various lengths and magnitudes. Scott Carney1 is credit with inventing the trading method. But others have contributed or discovered patterns and levels that improve performance.