Harmonic patterns are important tools at the trader's arsenal. It takes time to spot them on the chart but once you get the hang of them, they'll become your favorite tool.
we have couple harmonic patterns which you can look them up on google by a simple search.
For this particular chart we happen to have a Bearish Harmonic pattern which has worked out perfectly and since point D of the pattern price has been declining. we can expect the price to dip down more.
In addition to harmonic pattern found on the chart we had a great hidden bearish divergence at point D, along with candle confirmation we could've enjoy a nice ride.
we have couple harmonic patterns which you can look them up on google by a simple search.
For this particular chart we happen to have a Bearish Harmonic pattern which has worked out perfectly and since point D of the pattern price has been declining. we can expect the price to dip down more.
In addition to harmonic pattern found on the chart we had a great hidden bearish divergence at point D, along with candle confirmation we could've enjoy a nice ride.
Trade closed: target reached
Target has been reached. Did you enjoy another ride ???
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.