FOREX THEORY
Summary: Harmonic Price Patterns
The three basic steps in spotting
harmonic price patterns are the following
Step 1: Locate a potential harmonic
price pattern
Step 2: Measure the potential
harmonic price pattern
Step 3: Buy or sell on the
completion of the harmonic price pattern
Again, harmonic price patterns are
so perfect that they are very difficult to spot.
More than knowing the steps, you
need to have hawk-like eyes to spot potential harmonic price patterns and a lot
of patience to avoid jumping the gun and entering before the pattern is
completed.
With enough practice and experience,
trading using harmonic price patterns can yield a lot of pips!
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