Scott Carney: Dean of harmonic studies
Scott Carney, President and Founder of HarmonicTrader.com, created the harmonic patterns that comprise the Harmonic Trading approach. Now the fastest-growing subject in the trading world, the harmonic patterns that Scott created define a system of price pattern recognition and Fibonacci measurement techniques that pinpoint consistently accurate opportunities.
Scott coined the phrase Harmonic Trading, and he has been accredited as the primary influence whom has popularized the use of Fibonacci ratios and their respective patterns over the past twenty years. Harmonic patterns such as the Bat pattern, the Gartley pattern, the 5-0, the Shark, the Crab pattern and many other proprietary strategies are now widely embraced throughout the trading world.
Scott Carney has been recognized as a pioneer of Technical Analysis creating numerous other concepts that define Harmonic Trading including the Potential Reversal Zone, the theory of Fibonacci ratio convergence, the Alternate AB = CD patterns, the perfect harmonic pattern alignments, RSI BAMM, the harmonic impulse structures, the 88.6%&1.13% ratio, and many others.
He is the author of four books, The Harmonic Trader (1998), Harmonic Trading of the Financial Markets: Volume One (2004), Harmonic Trading of the Financial Markets: Volume Two (2007) (Republished by Financial Times Press 2010), and Harmonic Trading: Volume Three (Harmonic Trader Press 2016). He launched the first-ever harmonic pattern software, The Harmonic Analyzer and now offers the FormationSeeker and Harmonic Pattern Collection programs.
Scott has worked as a former Registered Investment Advisor, Scott successfully passed the Series 7, 63 & 65 (66 combined) securities exams. Scott is a full-member of the Market Technicians Association (www.mta.org) and the American Association of Professional Technical Analysts (www.aapta.us). He has been a regular columnist on several well-known websites such as StockCharts.com, TradingMarkets.com and eSignal.com, a featured guest on CNNfn and presents seminars internationally.