Welcome to the second part of these series, like I said on
my last post we’re going to learn how to identify this patterns easily. First
off, types of harmonic that occurs virtually every trading day and one thing I love
about this patterns is that they can be traded as both reversal and trend
trading….so below are the types patterns:
paint a picture using a bearish trade setup scenario with the below screenshot
on how to identify this patterns easily… follow the steps below:
below we have a swing, which is the first leg, so I’ve labeled it as XA
the screen below we have a retracement within the XA leg, so I labeled it the B
point or AB leg
image below, I have labeled it the C point or BC leg.
bigger swing within the XA leg, I have labeled this as the D point or CD leg.
identifying patterns. That is the process we’re going to use in finding this
patterns as you read along and when all points are connected we have a
but what differs one from the other is the Fibonacci retracement and
pattern” .Use the comment box below to express yourself or ask any question.