Tag: fibonacci

Harmonic Pattern Scanner for NinjaTrader

Harmonic Patterns

Harmonic Patterns Harmonic patterns are formed when a sequence of run-ups and pullbacks in the market adhere to predefined ratios (typically Fibonacci ratios). Many traders use Harmonic patterns in an attempt to identify key turning points in the markets, as well as predictions on future market movement. As seen in the image below, Harmonic patterns …

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