What kind of additional confirmation do you look for, price action? Rejection of breakout? Rsi and other indicators? Could you ellaborate more on this
LewisGlasgow
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@newwarez2, price action, mainly analysing candlestick formation and structure within the reversal zone.
ChatchaiVong
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thank so much
LewisGlasgow
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@ChatchaiVong, you're welcome. I hope you have a great week!
Bago
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i never used these bat and butterfly patterns.. do you know of some well explained documentation on how to use these? and how well do they work? thank you
LewisGlasgow
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@Bago, you won't find many articles clearly explaining the use of harmonic patterns as the information is generally wrong. Scott M. Carney who created much of the foundation for harmonic patterns has a series of books, they're a lot more advanced and you'll find them useful.
They work across every timeframe with a varied success rate :)