FX:USOIL   Crude Oil (WTI)
224 6 9
The markets has been inside a Harmonic pattern , once the market finished the pattern formation can expect a sell trend. So lets wait and see what the market does in the coming days. Cheers!
This is exactly what i worry about, so i locked my profits and wait.
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Kishore PRO watsonzou26
Good! its better to be safe.
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I think harmonic pattern cannot be used like this ,because ,When the market has not yet reached the D point,Any prediction is just a guess.We can not be subjective to think that the market is likely to form such a harmonic pattern and go to such a judgment, we should wait for the D to appear before this reversal point to the transaction, I think this is the most appropriate.
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Kishore PRO Ltscofield
Hello Ltscofield, Thank you for your valuable points. Yes, its just a prediction not a confirmed one. Thats why i mentioned only when it completes the pattern formation we can go for sell. This is just a give a caution to the traders. So that if in any possibility the market forms the harmonic patter, they could be aware of it. Hope this helps. Have a good day and good trades! Cheers...
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We communicate and common progress, no other meaning, but the exchange of views only!
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Kishore PRO Ltscofield
Yes i do believe that its healthy to share ideas! Thnx
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