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!
Comments
Ltscofield
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We communicate and common progress, no other meaning, but the exchange of views only!
Kishore
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Yes i do believe that its healthy to share ideas! Thnx
Ltscofield
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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.
Kishore
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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...
PowerOfCapital
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This is exactly what i worry about, so i locked my profits and wait.