Gold - XAUUSD (Harmonic Patterns and Wave Analysis) - 4h Chart
Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
- Third TP back to point C
Bat Pattern:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- Take profits at 0.382 and 0.618 (Fibo A-D)
- Third TP would be long term back to where it all started
Deep Crab Pattern:
- A-B leg can retrace anywhere between 0.382 up to 0.618
- B-C leg can retrace 0.382-0.886 of AB leg
- C-D is an extension of up to 1.618 of XA leg
- Take profits at 0.382 and 0.618 (Fibonacci D-C)
- Third TP would be long term back to where it all started
Shark Pattern:
- A-B must touch 0.382, but cannot touch 0.618
- B-C must touch 0.618, but sometimes exceeds A retesting previous levels (FIbo A-B), or just keep an eye on that 0.236.
- D completion at 0.886 (Fibo X-A)
- take profits at 0.382 and 0.618 (Fibo C-D)
- third TP would be long term back to where it all started
Butterfly Pattern:
- A-B must touch 0.786, but cannot exceed X
- B-C touches 0.382, but sometimes goes further (does not exceed A)
- ABCD formation. D has to reach outside X and touch 1.272 or 1.618
- First TP at 0.618 (Fibo D-A)
- Second TP at 0.382 (Fibo D-A)
- Third TP back to where it all started at top
Total patterns:
2 Cypher
2 Butterfly
1 Shark
1 Deep Crab
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
- Third TP back to point C
Bat Pattern:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 0.886 (Fibo X-A)
- Take profits at 0.382 and 0.618 (Fibo A-D)
- Third TP would be long term back to where it all started
Deep Crab Pattern:
- A-B leg can retrace anywhere between 0.382 up to 0.618
- B-C leg can retrace 0.382-0.886 of AB leg
- C-D is an extension of up to 1.618 of XA leg
- Take profits at 0.382 and 0.618 (Fibonacci D-C)
- Third TP would be long term back to where it all started
Shark Pattern:
- A-B must touch 0.382, but cannot touch 0.618
- B-C must touch 0.618, but sometimes exceeds A retesting previous levels (FIbo A-B), or just keep an eye on that 0.236.
- D completion at 0.886 (Fibo X-A)
- take profits at 0.382 and 0.618 (Fibo C-D)
- third TP would be long term back to where it all started
Butterfly Pattern:
- A-B must touch 0.786, but cannot exceed X
- B-C touches 0.382, but sometimes goes further (does not exceed A)
- ABCD formation. D has to reach outside X and touch 1.272 or 1.618
- First TP at 0.618 (Fibo D-A)
- Second TP at 0.382 (Fibo D-A)
- Third TP back to where it all started at top
Total patterns:
2 Cypher
2 Butterfly
1 Shark
1 Deep Crab
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.