FOREX THEORY
Harmonic Price Patterns
Now that you’ve got the basic chart patterns down, it’s time
to move on and add some more advanced tools to your trading arsenal.
I
n this lesson, we’ll be looking at harmonic price patterns.
These bad boys may be a little harder to grasp but once you spot these setups,
it can lead to some very nice profits!
The whole idea of these patterns is that they help people
spot possible retracements of recent trends. In fact, we’ll make use of other
tools we’ve already covered – the Fibonacci retracement and extensions!
Combining these wonderful tools to spot these harmonic
patterns, we’ll be able to distinguish possible areas for a continuation of the
overall trend.
0 comments