Harmonics Module 4

Harmonics
MODULE 4 THE EXTENSION PATTERN SUITE
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Harmonics - Introduction
Disclaimer
This video is for educational purposes only. Past performance does not equal
future results.
Please do not construe any information in this video or notes below as advice
or recommendation of any kind. You can lose money trading. If you cannot
afford to lose money you should not trade.
Remember to practice with a paper trading or demo account with any new
concept of strategy until you really get to know and understand the risk and
reward potential.
This video is copyright protected 2013. If you share this video in any format
with anyone you will be at risk of copyright violation laws in federal court.

Harmonics - Introduction
Welcome to the Harmonic Patterns Training Module 4
Over 30 years trading Forex, Futures and Options using Elliott Wave Analysis
The Wavy Tunnel is one of the best Fibonacci and Elliott Wave based Trading Systems
This System, when combined with Harmonics Patterns, creates very precise high probability
trade setups
This training program will combine Elliott Wave and Harmonic Setups and tie it all together with
the Wavy Tunnel PLUS

Sections
The Course Outline
Section I: Elliott Wave Series

Elliott Wave Section II: Wavy Tunnel PLUS
Ultimate Section III: Fibonacci Primer

Section IV: Harmonic Patterns

Modules
Elliott Wave Ultimate Course: Section IV
Module 1: Fibonacci Overture

Module 2: Harmonic Chord AB=CD
Harmonic Patterns:
Module 3: The Retracement Pattern Quartet
Become a Conductor! Module 4: The Extension Pattern Suite
Module 5: Wavy Tunnel PLUS Orchestra
Module 6: Case Study Triad

Welcome to Module 4
Harmonic Patterns: The Extension Pattern Suite
 Four Precise Swing Moves

Module 4  The Butterfly
Learning Objects  The Crab
 The Alternate Bat
 Three Drives
 Chart Examples

Introduction
Objectives
1. Understand the Background behind the Extension Patterns

2. Fibonacci Revisited in the Context of Extension Pattern Price Targets
3. Learn Details for plotting the Butterfly, Crab, Alternate Bat and the Three Drives
4. Draw out Patterns with Examples
5. Begin picturing yourself Riding the Waves and Cashing in on Profits using the Wavy
Tunnel with Harmonics

Harmonic System of Trading
Harmonic Patterns Have 4 Precise Swings

1. Harmonics is a system of trading where 4 precise
swings produce 3 Fibonacci-related prices in order to
project a 4th high probability reversal price zone which Retracement Pattern
(Point D falls within XA)
we call the Convergence Zone X
2. Once the 3 prices are measured, the 4th price can be D

projected B
3. This Convergence Zone often finds itself at stiff

support or resistance formed by previous price action
and is often a reversal top or bottom
C
Convergence
4. The chart to the right illustrates a Retracement A Zone
Pattern

Harmonic System of Trading
Harmonic Patterns Have 4 Precise Swings

1. Extension Pattern gets its name from Point D
completing beyond the start of Point X at a Fibonacci Extension Pattern
extension of the XA swing (Point D extends past XA)
D
2. The Point B retracement matters in the Retracement X
and Extension Patterns such as the Gartley, Bat, Point B
Matters
Butterfly and Crab
B
3. The Ideal Point B retracement for Retracement and
Extension Patterns are: The Gartley .618; The Bat .50 Convergence
or .382; The Crab .618; and The Butterfly .786 Zone
4. This Module covers The Crab, The Butterfly, The C

A
Alternate Bat and The Deep Crab

Extension Patterns – BUTTERFLY
Bullish Butterfly Pattern
1. Point X starts the move up for a Bullish Precise .786

A
pattern Retracement of XA Leg
Point B C
2. AB=CD is frequently extended to 1.272AB,
Matters
with CD being the longest and strongest
move in the pattern
AB < = CD
3. Point B retracement of XA Leg precisely B
.786 X
4. BC projection of Point D >1.618 D
5. Point D projection 1.272 of XA leg,
finishing below Point X
6. Reversal Pattern with subsequent strong
Convergence Zone
price moves, often occurring at market
BUY at D
tops and bottoms

Butterfly Convergence
Bullish Butterfly Pattern Pattern Zone
AB < = CD
 There are many harmonic calculations that define the
Convergence Zone of the Bullish Butterfly Converges 1.272
 Point X begins the initial move to Point A, followed by an on projection of
Point D XA leg
ABCD Pattern
Converges 1.618/2.236
Key Difference A on projection of
Between Gartley C Point D BC leg
and Butterfly: Point B .786
.786 vs. .618 retracement
of XA leg
AB < = CD
B Point C .382/.886
retracement
X of AB leg
D

AB < = CD
 Point B retracement mandatory 78.6% retracement of the XA Leg
 BC extension or projection between 161.8% and 223.6% Converges 1.272
 XA FIBO Projection for Point D is 1.272XA on projection of
 AB=CD minimum requirement or Alternate 1.272AB=CD Point D XA leg
 Point C retracement within range of .382 to .886 Converges 1.618/2.236
on projection of
Point D BC leg
A
Point B .786
C retracement
of XA leg
Point C .382/.886
AB < = CD retracement
B
of AB leg
X
D
AB < = CD
 The Bullish Butterfly Pattern often occurs at market bottoms,
after an extended move has occurred Converges 1.272
 Point D squeaks out a new low and then the market is in on projection of
serious reversal mode Point D XA leg
 Are you beginning to see a potential PW/FG setting up? Converges 1.618/2.236
on projection of
A Point D BC leg
C Point B .786
AB < = CD
retracement
of XA leg
B Convergence Zone Point C .382/.886

BUY at D retracement
of AB leg
X
D

Bullish Butterfly with Wavy Tunnel
Convergence Zone:
A
1. 1.272 AB=CD
2. 161.8% BC
Extension
C
3. 127.2% XA FIBO
Extension
B
X
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Bullish Butterfly with Wavy Tunnel PLUS
Convergence Zone:
1. 1.272 AB=CD
2. 161.8% BC
Extension
3. 127.2% XA FIBO
Extension
Royal Semaphores lining up at

Pattern Top and Bottom in
Convergence Zone!
Ideal Convergence
Ideal Bullish Butterfly Pattern Butterfly Zone
Pattern
 An exact Point B retracement of .786 XA 1.272 AB = CD
 The XA Projection or Extension for Point D is 1.272
 The BC Projection or Extension for Point D is 1.618 Converges 1.272
 CD length = 1.272 AB length in Convergence Zone on projection of
 Point C Retracement is between .50 and .886 Point D XA leg
Converges 1.618
A
on projection of
C Point D BC leg
AB < = CD Point B .786
Convergence Zone retracement
BUY at D of XA leg
B
Point C .50/.886
retracement
X
D of AB leg

Ideal Bullish Butterfly with Wavy Tunnel
This Bullish
Convergence Zone:
Butterfly is
1. 1.272 AB=CD
ideal when
2. 161.8% BC
the long wick
Extension
on Point B is
3. 127.2% XA FIBO
ignored
Extension
161.8% BC Extension
Bearish Butterfly Pattern Pattern Zone
AB < = CD
 The Bearish Butterfly Pattern often occurs at market tops, after
an extended move has occurred Converges 1.272
 Point D squeaks out a new high and then the market is in on projection of
serious reversal mode Point D XA leg
 Are you beginning to see a potential PW/FG setting up? Converges 1.618/2.236
D on projection of
X Point D BC leg
SELL at D Point B .786
B retracement
of XA leg
Point C .382/.886
AB < = CD retracement
of AB leg
C
A
Bearish Butterfly with Perfect Price Symmetry
Convergence Zone:
1. AB=CD
2. 161.8% BC Extension
3. 127.2% XA FIBO Extension
So far price
symmetry is
perfect on this
Bearish
Butterfly
Bearish Butterfly with Perfect Price Symmetry and Wavy Tunnel PLUS
Convergence Zone: Price

1. AB=CD symmetry is
2. 161.8% BC Extension perfect on this
3. 127.2% XA FIBO Extension Bearish
Butterfly
Price is now in the Convergence Zone
Bearish Butterfly with Wave Counts and Wavy Tunnel
Convergence Zone:
1. AB=CD Perfect Symmetry
2. 261.8% BC Extension -
reciprocal of 38.2%
Point C retracement
3. 127.2% XA FIBO
Extension
Notice how Point D targets in the

Convergence Zone with a WXY
corrective sequence so expect a
PW/FG trade to take price lower
once complete!
Bearish Butterfly with Wave Counts and Wavy Tunnel PLUS
Perfect Symmetry
Convergence Zone:
Point D has reached the
1. AB=CD
Convergence Zone with a Royal
2. 261.8% BC Extension -
Semaphore to complete the
reciprocal of 38.2% Point C
Butterfly Pattern!
retracement
Ideal Convergence
Ideal Bearish Butterfly Pattern Butterfly Zone
Pattern
 An exact Point B retracement of .786 XA 1.272 AB = CD
 The XA Projection or Extension for Point D is 1.272
 The BC Projection or Extension for Point D is 1.618 Converges 1.272
 CD length = 1.272 AB length in Convergence Zone on projection of
 Point C Retracement is between .50 and .886 Point D XA leg
Converges 1.618
on projection of
D Point D BC leg
X
SELL at D Point B .786
B retracement
of XA leg
Point C .50/.886
1.272 AB = CD retracement
of AB leg
C
A
Ideal Bearish Butterfly with Wavy Tunnel D
1.272 AB
1.272 XA
1.618 BC
Convergence Zone:
1. 1.272AB=CD (blue line)
2. 161.8% BC Extension - X
reciprocal of 61.8% B
Point C retracement (red
line)
3. 127.2% XA FIBO
Extension (green line)
C .618 AB
Notice how Point D ends with CAO
A divergence, so we expect a PW/FG
trade to take price lower!
Harmonic Patterns – GARTLEY VS. BUTTERFLY
Gartley Butterfly
Gartley vs. Butterfly Pattern Pattern
AB = CD AB < CD
 The first difference is the length of the Point B Retracement of XA
 Gartley retracement is .618 .786 1.272
 Butterfly retracement is .786 projection projection of
 Provides the first clue of the pattern unfolding of XA leg XA leg
 The second is the length that Point D travels as a projection of XA 1.128/1.618 1.618/2.236
A projection projection
C of BC leg of BC leg
AB < CD .618 .786

retracement retracement of
of XA leg XA leg
B .382/.886 .382/.886
retracement retracement of
X of AB leg AB leg
D
Convergence Zone Summary for Butterfly Patterns Pattern Zone
AB < = CD
Butterfly Convergence Zone
1. AB = CD or most common Alternate 1.272AB=CD Converges 1.272
2. BC Projection or Extension between 1.618 and 2.236 on projection of
Point D XA leg
3. 1.272 XA Fibonacci Extension for Point D
* As a starting point, Point B retraces 78.6% of XA Leg on projection of
Point D BC leg
D SELL Point B .786
A HERE
X retracement
C
of XA leg
B
Point C .382/.886
B retracement
X D BUY of AB leg
C
HERE A

Extension Patterns – CRAB
CRAB Convergence
Bullish CRAB Pattern Pattern Zone
1.272 or 1.618
 Extreme price movements with major reversal potential AB = CD
 CD Leg can extend to the 2.618, 3.14 and even 3.618 Projection or
Converges 1.618 projection
Extension of the BC Leg
on of XA leg
 The Alternate 1.272 or 1.618 AB = CD should meet in the Point D
Convergence Zone, along with the 1.618 Projection of the XA Leg
Converges 2.618/3.14/3.618
and the CD Leg Extensions
on projection of
A Point D BC leg
C Point B .382/.618
AB < CD retracement of
XA leg
B Point C .382/.886
Convergence Zone retracement of
X BUY at D AB leg
D
CRAB Convergence
Bullish CRAB Pattern Pattern Zone
1.272 or 1.618
 Point B retracement <= .618 retracement of the XA Leg AB = CD
 BC extension or projection between 261.8% and 361.8%
 XA FIBO Projection for Point D is 1.618 XA
on of XA leg
 Alternate 1.272 AB=CD or Alternate 1.618 AB=CD Point D
 Point C retracement within range of .382 to .886
Converges 2.618/3.14/3.618
A on projection of
C Point D BC leg
AB < CD Point B .382/.618
retracement of
B XA leg
Convergence Zone Point C .382/.886
X BUY at D retracement of
AB leg
D

Deep Convergence
Deep Bullish CRAB Pattern CRAB Zone
Pattern
 The difference between the Deep CRAB and the Regular CRAB is AB = CD or
Point B which is a .886 Retracement rather than .618 1.272 AB = CD
 Often times Point B goes beyond .886 XA not to exceed Point X
 The BC Projection can be less extreme than a Regular CRAB on of XA leg
 The 1.618 XA Leg is the defining characteristic of this pattern Point D
A Converges 2.236/3.618
on projection of
C
Point D BC leg
AB < = CD
Point B .886
retracement of
B XA leg
X Convergence Zone Point C .382/.886
BUY at D retracement of
D AB leg

Ideal Convergence
Ideal Bullish CRAB Pattern CRAB Zone
Pattern
 The main difference between the Ideal CRAB and the Regular 1.618 AB = CD
CRAB is Point B which is a .618 Retracement
 Point D is a 1.618 Projection of the XA Leg Converges 1.618 projection
 The 3.14 BC Leg Projection or Extension is also a characteristic on of XA leg
 The length of CD is 1.618 times the length of AB Point D
A Converges 3.14 projection
C on of
AB < CD Point D BC leg
Point B .618 retracement
of XA leg
B
Point C .50/.618
Convergence Zone retracement of
X
BUY at D AB leg
D

CRAB Pattern Comparison CRAB Pattern CRAB Deep CRAB Ideal CRAB
Convergence Convergence Convergence
 AB=CD or 1.272/1.618AB=CD Zone Zone Zone
 BC Leg Projection different AB=CD or 1.272 or 1.618 AB AB = CD or 1.618 AB = CD
 Point B Retracement different Alternate = CD 1.272 AB = CD
 Point C Retracement different Converges on 1.618 projection 1.618 1.618
 Point D is a 1.618 Projection of Point D of XA leg projection of projection of
the XA Leg for all 3 patterns XA leg XA leg
A Converges on 2.618/3.14/3.618 2.236/3.618 3.14 projection
C Point D projection of projection of of
BC leg BC leg BC leg
Point B .382/.618 .886 .618
B
retracement of retracement of retracement of
X XA leg XA leg XA leg
D Point C .382/.886 .382/.886 .50/.618
retracement of AB retracement of retracement of
leg AB leg AB leg
CRAB Convergence
Bearish CRAB Pattern Pattern Zone
1.272 or 1.618
 Point B retracement <= .618 retracement of the XA Leg AB = CD
 BC extension or projection between 261.8% and 361.8%
 XA FIBO Projection for Point D is 1.618 XA
on of XA leg
 Alternate 1.272 AB=CD or Alternate 1.618 AB=CD Point D
 Point C retracement within range of .382 to .886
Converges 2.618/3.14/3.618
Convergence Zone
on projection of
SELL at D
Point D BC leg
Point B .382/.618
retracement of
XA leg
Point C .382/.886
retracement of
AB leg
C

Bearish CRAB with Wavy Tunnel
Notice how Point D ends with CAO 161.8% XA
divergence on this 1-minute chart D 261.8% BC
without coming back to zero line
X 1.618AB=CD
B Convergence Zone:
1. 1.618AB=CD (red line)
2. 261.8% BC Extension (blue line)
(green line)
C
A
Bearish CRAB with Wavy Tunnel PLUS
Notice how Point D ends with CAO divergence
Noble Pointer
with a Noble Pointer – PW/FG trade setup in
the Convergence Zone for the Reversal!
Convergence Zone:
1. 1.618AB=CD (red line)
2. 223.6% BC Extension (blue line)
(green line)
Deep Convergence
Deep Bearish CRAB Pattern CRAB Zone
Pattern
 The difference between the Deep CRAB and the Regular CRAB is AB = CD or
Point B which is a .886 Retracement rather than .618 1.272 AB = CD
 Often times Point B goes beyond .886 XA not to exceed Point X
 The BC Projection can be less extreme than a Regular CRAB on of XA leg
 The 1.618 XA Leg is the defining characteristic of this pattern Point D
Convergence Zone on projection of
SELL at D Point D BC leg
Point B .886
retracement of
XA leg
Point C .382/.886
retracement of
C AB leg

Ideal Convergence
Ideal Bearish CRAB Pattern CRAB Zone
Pattern
 The main difference between the Ideal CRAB and the Regular 1.618 AB = CD
CRAB is Point B which is a .618 Retracement
 Point D is a 1.618 Projection of the XA Leg Converges 1.618 projection
 The 3.14 BC Leg Projection or Extension is also a characteristic on of XA leg
 The length of CD is 1.618 times the length of AB Point D
Convergence Zone Converges 3.14 projection
SELL at D on of
Point D BC leg
Point B .618 retracement
of XA leg
Point C .50/.618
retracement of
AB leg
C

CRAB Convergence
Convergence Zone Summary for CRAB Patterns Pattern Zone
1.272 or 1.618
CRAB Convergence Zone AB = CD
1. Alternate 1.272 AB = CD or 1.618 AB = CD Converges 1.618 projection
2. 2.618/ 3.14/ 3.618 BC Projection or Extension on of XA leg
3. 1.618 XA Fibonacci Extension for Point D Point D
Converges 2.618/3.14/3.618
* As a starting point, Point B retraces 38.2 – 61.8% of XA Leg on projection of
Point D BC leg
A D SELL
C HERE Point B .382/.618
retracement of
XA leg
B X Point C .382/.886
X retracement of
C AB leg
D BUY
HERE
Extension Patterns – Alternate BAT
Alternate Convergence
Alternate Bullish BAT Pattern BAT Zone
Pattern
 In the Alternate BAT, Point B retraces 38.2% of the XA Leg and it
looks like an M, or a Double Top
 The structure is an extension pattern when Point D extends to 1.128 Converges 1.128 projection
the length of the XA Leg, but .886 is a minimum requirement (when on of XA leg
<1, the pattern is a Retracement Pattern) Point D
A Converges 2.0/3.618
C on projection of
Point D BC leg
Alternate AB = CD Point B .382
CD > AB retracement of
XA leg
B
Point C .382/.886
retracement of
AB leg
X D
Alternate Bearish BAT Pattern BAT Zone
Pattern
 In the Alternate BAT, Point B retraces 38.2% of the XA Leg and it
looks like a W, or a Double Bottom
 The structure is an extension pattern as Point D can extend to 1.128 Converges 1.128 projection
the length of the XA Leg, but .886 is a minimum requirement (when on of XA leg
<1, the pattern is a Retracement Pattern) Point D
D
X Converges 2.0/3.618
on projection of
Point D BC leg
Alternate AB = CD Point B .382
B CD > AB retracement of
XA leg
Point C .382/.886
retracement of
C AB leg
A

Alternate Bearish BAT with Wavy Tunnel PLUS
Notice how Point D ends with a Gold
Semaphore and an engulfing pattern
Convergence Zone:
1. 2.0AB=CD
2. 261.8% BC Extension
Convergence Zone Summary for Alternate BAT Patterns BAT Zone
Pattern
Alternate BAT Convergence Zone (M or W Pattern)
1. Extreme BC Extensions between 2.0 and 3.618
2. 1.13 XA Fibonacci Extension Converges 1.128 projection
on of XA leg
Point D
• As a starting point, Point B retraces 38.2% of XA Leg
• In Module 5 we will explore the Alternate BAT Structure with Converges 2.0/3.618
on projection of
the PW/FG trade of the Wavy Tunnel
Point D BC leg
A C D
X Point B .382
retracement of
B XA leg
B Point C .382/.886
retracement of
X D Alternate AB = CD C AB leg
A
CD > AB
Harmonic Patterns – THREE DRIVES
Bullish Three Drives

 Not as complex as the Gartley or Butterfly, but is a significant reversal pattern
 Characterized by symmetrical price thrusts at symmetrical time sequences
 Once the first two thrusts have been identified, the Convergence Zone (reversal zone) is
calculated
 Since this pattern usually occurs at the end of a trend, it is common for multiple new lows
to be made before the reversal, hence the Three Drives name
2 BUY at 3
3 Stop Loss below 3


 This Pattern produces three thrusts that present a clear buying opportunity at the third
drive
 It is a very easy pattern to identify
 The Stop Loss is placed below Drive 3, once the market reverses
 Typically an Ending Diagonal, with Double or Triple Divergence
2 BUY at 3
3 Stop Loss below 3


 Symmetry in this pattern is key; otherwise, the pattern might be a low probability setup
 Symmetry in both time and distance with the following Fibonacci ratios produces a high
probability trade setup
2 BUY at 3
3 Stop Loss below 3

Bearish Three Drives

 The Bearish Three Drives Pattern is easy to recognize
 After three thrusts, a reversal follows
 Look for double or triple CAO divergence
3 Stop Loss above 3
2
SELL at 3
1

Bearish Three Drives with Wavy Tunnel PLUS
Noble Pointer
SELL at 3
CAO divergence with a Noble Pointer on the next
peak– PW/FG trade setup for move to Tunnel!
CAO divergence between 1 and 2,

and between 1 and 3
Summary Bearish Three Drives

 The Bearish Three Drives Pattern is easy to recognize
 After three thrusts, a reversal follows
 Look for double or triple CAO divergence Stop Loss above 3
3
2
SELL at 3
1
3
Stop Loss below 3 BUY at 3

Extension Patterns
Conclusion
1. This concludes Module 4 on Extension Patterns

2. Fibonacci Retracements and Projections differ among the Extension Patterns
3. Learned details for plotting the Butterfly, Crab, Alternate Bat and Three Drives
3. Print out Summary Sheet for Harmonic Patterns
4. Module 5 will tie together Wavy Tunnel in the context of Trend and End of Trend
moves
5. Begin picturing yourself Riding the Waves and Cashing in on Profits using the Wavy
Tunnel with Harmonics

Harmonics Module 4

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Harmonics

MODULE 4 THE EXTENSION PATTERN SUITE

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Welcome to the Harmonic Patterns Training Module 4

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The Course Outline

Section I: Elliott Wave Series

Ultimate Section III: Fibonacci Primer

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Elliott Wave Ultimate Course: Section IV

Module 1: Fibonacci Overture

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Harmonic Patterns: The Extension Pattern Suite

 Four Precise Swing Moves

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1. Understand the Background behind the Extension Patterns

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Harmonic Patterns Have 4 Precise Swings

2. Once the 3 prices are measured, the 4th price can be D

3. This Convergence Zone often finds itself at stiff

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Harmonic Patterns Have 4 Precise Swings

4. This Module covers The Crab, The Butterfly, The C

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Bullish Butterfly Pattern

1. Point X starts the move up for a Bullish Precise .786

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B Convergence Zone Point C .382/.886

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Royal Semaphores lining up at

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Convergence Zone: Price

Price is now in the Convergence Zone

Notice how Point D targets in the

AB < CD .618 .786

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Bullish Three Drives

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Bullish Three Drives

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Bullish Three Drives

3 Stop Loss below 3

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Bearish Three Drives

3 Stop Loss above 3

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CAO divergence between 1 and 2,

Summary Bearish Three Drives

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1. This concludes Module 4 on Extension Patterns

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