This trading method is precise and based on the assumption that patterns repeat themselves. Harmonic patterns work by combining patterns and mathematics. When you have correctly identified a high probability harmonic pattern you will be able to enter your trade in a highly profitable reversal zone with little risk. They also provide you with levels that may act as new potential reversal zones, allowing you to enter reversal trades. These patterns offer a way for you to establish where the key market turning points will occur. Harmonic patterns can be defined as trend reversal patterns based on retracement levels, geometric structures and Fibonacci extensions. These patterns follow geometric price action and Fibonacci levels. Harmonic patterns are a type of advanced trading pattern that take place naturally in financial charts. Harmonic patterns were first introduced into the trading scene in 1932 by Harold McKinley Gartley.
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