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Harmonic Patterns ratio and examples

FX:XAUUSD   Gold/U.S. Dollar
7 months ago
Hi,
Above, some harmonic patterns that i often look for ( bullish ones)


These patterns, when identified, have a good risk/reward ratio. They allow traders to enter into the market with minimal risk. Obviously, you need some other confirmations before taking the trade on the pattern completion.
If the point D occurs with some divergence on classic oscillators ( RSI / Macd , Sto             ), on a bottom (or top, if pattern is bearish ) of a trendline / channel, previous support/resistance levels, supply/demand zone...then there are good probabilities to see price react on the completion of the pattern.

There are plenty of patterns, but this selection, from my side, is a good start for those who want to learn harmonic pattern .

Below some examples that have worked nicely (this don't work each time, this would be too easy ;)

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7 months ago
Comment: Erratum : Butterfly pattern
D point = 1.272/1.414 of XA (not BC)
Jia En Cai PRO
7 months ago
What is meant by 121 mode
Reply
admin PRO
3 months ago
awesome
Reply
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