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The Journey of Wynn 574

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This is one of the harder topics, but if you are persistent enough to learn this type of analysis, the result would pay for the effort. The harmonic Shark pattern differentiates itself from the other harmonic patterns by its five points setup being labeled as , X, A, B, C. Also, the termination point of leg B ends above wave X. It extends to a minimum of 1.13 and a maximum of 1.618 Fibonacci ratios.
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A short position should be opened when vertex D is on the lower side of C. Even if the market prices haven't hit the price level of vertex C, and D is below C, do not be tempted to place buy for the price to hit C and then close it to place the sell towards D. The best thing to do at such a case is to keep off from opening any trade until the prices first hit the level of vertex C.
The trend of moving from discretionary trading to automation trading provided huge boost to harmonic patterns and their popularity among Forex scalpers and day trader, mainly due to the high volatility and frequent direction changes found in smaller time frames that and offer multiple opportunities in various underlines.

Depicted: EURJPY - MT4 chart - Bat bearish pattern - Disclaimer: Charts for financial instruments in this article are for illustrative purposes and does not constitute trading advice or a solicitation to buy or sell any financial instrument provided by Admiral Markets (CFDs, ETFs, Shares).
Shadows absolutely nailed it. Just like every other patterns, look at the overall context before applying it. And from the charts posted above, it seems like you are drawing every price cluster as long as it looks like a Gartley or other harmonic patterns.
The chart below shows an example of the harmonic bullish and bearish Bat patterns. The suggested order of learning about these patterns is below. Most trading software packages have Fibonacci drawing tools which can show Fibonacci retracements, extensions and projections.

CD: The last price move is opposite to BC and it should be 224% (extension) of BC move if BC is 38.2% of AB. If BC is 88.6% of AB, then CD should 361.80% (extension) of BC. This article will discuss some of the different types of Forex trading strategies that are currently in the Forex market and teach you how to identify what makes the best FX trading system.
Can be used when trading trends, but typically found at end of trend reversals. Harmonic Patterns are the favorite weapon in the trading arsenal of many traders. Less noise means you will be able to find high probability trade setups on the 24 hour charts with ease.

Doing so without a tool such as a harmonic scanner would require you to become a true expert in Fibonacci, trading, mathematics, geometry, and more. If the zone is spread out, such as on longer-term charts where the levels may be 50 pips or more apart, it is important to wait to see if the price reaches further extension levels of BC before entering a trade.
I think you may need to look at the AB=CD patterns as I saw a number of CD legs that were shorter than the AB leg - and the minimum prerequisite is that CD is the same as AB (allowing Forex Harmonic Patterns for tolerance of course). With basic settings as depicted above, implies there can be the same number of winrates as there are traders utilizing Intuitive Forex Patterns Scanner.

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