The good thing about a harmonic pattern is that it significantly lowers your risk. It forces you to be patient and wait.
It can be applied to all, whether FX, stocks, crypto, etc.
Why does it work better compared to others? The answer is simple - PRICE ONLY MOVES UP AND DOWN, PRICE DOES NOT MOVE SIDEWAYS.
One crucial thing we can see from the above is that the D < B. Which means if we are patient enough and wait for the appropriate time to SELL, the probability is very good to make money.
Good luck.
It can be applied to all, whether FX, stocks, crypto, etc.
Why does it work better compared to others? The answer is simple - PRICE ONLY MOVES UP AND DOWN, PRICE DOES NOT MOVE SIDEWAYS.
One crucial thing we can see from the above is that the D < B. Which means if we are patient enough and wait for the appropriate time to SELL, the probability is very good to make money.
Good luck.
Note
Just to add - the SELL SIGNAL noted - this complements the D. Good luck.
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.
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.