The similarity between the harmonic and basic graph models is that for each of them, form and structure are key factors in recognizing and validating a specific model. The next price movement can be projected in order to convert these forex harmonic scanner models into profits. A major difference, however, is that harmonic models are defined more precisely. These are 5-point inversion structures that contain combinations of well-defined consecutive Fibonacci retracements and Fibonacci extensions, leaving less room for flexible interpretation.
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Harmonious models are recurrent, especially in consolidating markets. There are basically 2 types of models: 5-point recoil structures like the Gartley and the bat and 5-point expansion patterns like butterfly and crab. The trade in harmonic models requires patience because, because of the specificity of the relationships, the models that seem harmonious may not be the same if they do not correspond to the appropriate measures.
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