Harmonic Patterns

Automated Geometric Price Structure Measurements

AlgoBox™ Harmonic Patterns are chart patterns based on Fibonacci retracements, extensions and projections of market price structure, which can indicate a potential reversal zone in the market. AlgoBox™ automatically, instantly and continually plots harmonic patterns so there's no need to manually draw them.

By default, Bullish Harmonic Patterns are green and Bearish Harmonic Patterns are red, but the colors can be customized by the user. The rectangular boxes are the PRZ or "Potential Reversal Zone" for each Harmonic Pattern. The line(s) within the PRZ box indicate optimal location for either entry or stop loss, depending on the type of Harmonic Pattern.

Bullish and Bearish Harmonic Patterns plotted automatically by AlgoBox™ software.

There are 10 types of harmonic patterns, each with a bullish and bearish version for a total of 20:

-Alt Bat -Bat -ButterFly -Crab -Cypher -Deep Crab -Diamond -Five Zero -Gartley -Shark

The P-PRZ

The Harmonic Patterns display in yellow as a "P-PRZ" indicating a Predicted Potential Reversal Zone, when the Harmonic Pattern has not fully formed yet. If/when market price forms that particular pattern, the P-PRZ changes color to red or green, which indicates a Potential Reversal Zone.

Harmonics are used in confluence with other indicators, such as the Fib Dot & FlowMaster™ Cross to form some of the AlgoBox™ strategies.

Below are some examples of the harmonic patterns included in the AlgoBox™ software:

A Bullish Shark Harmonic.

A Bearish Shark Harmonic.

A predicted Bat Harmonic Pattern yet to be formed. The square box is the P-PRZ: Predicted Potential Reversal Zone.

A Bullish Bat Harmonic.

A Bearish Bat Harmonic.

A predicted Crab Harmonic Pattern yet to be formed. The rectangle box is the P-PRZ: Predicted Potential Reversal Zone.

A Bullish Crab Harmonic.

A Bearish Crab Harmonic.

The Gartley Harmonic Pattern.

A Bullish Gartley Harmonic.

A Bearish Gartley Harmonic.

A predicted Cypher Harmonic Pattern yet to be formed. The thin rectangle box is the P-PRZ: Predicted Potential Reversal Zone.

A Bullish Cypher Harmonic.

A Bearish Cypher Harmonic.

A predicted Butterfly Harmonic Pattern yet to be formed. The rectangle box is the P-PRZ: Predicted Potential Reversal Zone.

A Bullish Butterfly Harmonic.

A Bearish Butterfly Harmonic.

A predicted 50-Cent Harmonic Pattern yet to be formed. The rectangle box is the P-PRZ: Predicted Potential Reversal Zone.

A Bullish 50-Cent Harmonic.

A Bearish 50-Cent Harmonic.

A predicted Diamond Harmonic Pattern yet to be formed. The rectangular box is the P-PRZ: Predicted Potential Reversal Zone.

A Bullish Diamond Harmonic.

A Bearish Diamond Harmonic.

Note: Default colors for AlgoBox™ Harmonic Patterns are yellow, green and red. The colors may be customized by the user.

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