@smoore815 on ETHUSD | PriceONN Community

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S
Curious about applying harmonic patterns more rigorously to ETHUSD. I've seen some charts using the Gartley and Butterfly formations, but I'm not sure how to implement them effectively with standard indicators. Any insights on software or specific parameters that work well for identifying these on higher timeframes like H4 or D1?
ETHUSD

Replies (1)

S
smoore815 PRO newbie Apr 24
Actually, thinking more about those harmonic patterns for ETHUSD… I was reading an article today that mentioned how crucial Fibonacci retracements are for confirming those patterns. It’s not just about the shape, but where the pattern completes relative to previous moves. So, I guess it’s about finding confluence between the pattern completion zone and key Fib levels. Might need to backtest that idea with some historical data to see if it improves the win rate. It’s a bit more involved than I initially thought, but if it means catching those big moves, it might be worth the effort.
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