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Harmonic pattern patterns
#1
Harmonic pattern patterns
The most popular harmonic patterns are the Crab, Gartley, Bat, and Butterfly patterns, which traders are interested in monitoring. Entry into the potential reversal zone occurs when the pattern indicates confirmation that the price will turn into a reversal. Then the stop loss is placed above the short entry point or below the long entry point. Or it is placed outside the farthest range of the model.
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Although these patterns differ in terms of their length ratios and the locations of their points (X, A, B, C, D). However, once a trader is able to understand any one of them, it will be much easier for him to understand and be able to use the other patterns.
Traders may find it helpful to identify other patterns on the chart; By using the automatic Gartley pattern indicator instead of searching with the naked eye to find or enforce it.
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#2
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