FX:USOIL   CFDs on Crude Oil (WTI)
231 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!
We communicate and common progress, no other meaning, but the exchange of views only!
Kishore Ltscofield
Yes i do believe that its healthy to share ideas! Thnx
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.
Kishore 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...
This is exactly what i worry about, so i locked my profits and wait.
Kishore watsonzou26
Good! its better to be safe.
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