Harmonic patterns are a type of technical analysis that uses Fibonacci ratios to identify potential reversals in price action. They are based on the idea that market cycles are repetitive and that Fibonacci ratios can be used to predict future price movements. There are many different Tradingview, but some of the most popular include:

The Gartley pattern: This is a five-wave pattern that is often seen at the end of a trend. It is made up of two impulse waves (A and C) and three corrective waves (B, D, and E). The Fibonacci ratios 0.618, 0.786, and 1.272 are often used to identify the potential reversal point.

The butterfly pattern: This is a four-wave pattern that is often seen at the end of a trend. It is made up of two impulse waves (A and C) and two corrective waves (B and D). The Fibonacci ratios 0.382, 0.618, and 1.000 are often used to identify the potential reversal point.

Butterfly harmonic pattern

The crab pattern: This is a three-wave pattern that is often seen at the end of a trend. It is made up of one impulse wave (A) and two corrective waves (B and C). The Fibonacci ratios 0.382, 0.618, and 1.000 are often used to identify the potential reversal point.

Crab harmonic pattern

Harmonic patterns can be used to identify potential reversals in price action, but they are not always reliable. It is important to use harmonic patterns in conjunction with other technical analysis tools to confirm the signal.

TradingView offers a number of tools that can be used to identify harmonic patterns. These tools include:

The Harmonic Patterns indicator: This indicator automatically identifies harmonic patterns on the chart.

The Harmonic Patterns scanner: This scanner searches for harmonic patterns on all of the symbols in your watchlist.

The Harmonic Patterns drawing tool: This tool allows you to manually draw harmonic patterns on the chart.

If you are interested in using harmonic patterns to trade, I recommend that you learn more about them and practice using them on a demo account before trading with real money.

Here are some additional tips for using harmonic patterns on TradingView:

Use multiple time frames: Harmonic patterns can be used on multiple time frames. This can help you to confirm the signal and to identify potential reversals that are not visible on a single time frame.

Use other technical analysis tools: Harmonic patterns should be used in conjunction with other technical analysis tools, such as trendlines, support and resistance levels, and moving averages. This can help you to improve your trading accuracy.

Be patient: Harmonic patterns do not always work. It is important to be patient and to wait for the right signal before entering a trade.

Harmonic patterns can be a valuable tool for traders who are looking to identify potential reversals in price action. However, it is important to remember that they are not always reliable. It is important to use harmonic patterns in conjunction with other technical analysis tools and to be patient when trading.