Forex harmonic patterns are a type of chart pattern used by forex traders to identify potential reversals in the market. Harmonic patterns are based on Fibonacci numbers and geometry and use specific ...
Traders use chart patterns to determine likely market reversal points, whether bullish or bearish. Some take it further, using harmonic patterns based on Fibonacci ratios. Harmonic patterns can be ...
If I had no knowledge of harmonic patterns and saw this E-mini S&P 500 Dec 13 (ESZ13:CME) chart, I would raise an eyebrow and have to wonder how this is beneficial to me; in fact, I would most likely ...