FOREX THEORY
Second Step in
Trading Harmonic Price Patterns
Step 2: Measure the potential
Harmonic Price Pattern
Using the Fibonacci tool, a pen,
and a piece of paper, let us list down our observations.
1.Move BC is .618 retracement of
move AB.
2.Move CD is 1.272 extension of
move BC.
3.The length of AB is roughly equal
to the length of CD.
This pattern qualifies for a
bullish ABCD pattern, which is a strong buy signal.
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