The ABCD Trading Pattern belongs to the well-known harmonic pattern family. Because some traders refer to the ABCD pattern as AB=CD, we’ll use the names interchangeably in this explanation. The ABCD Trading Pattern is the most basic harmonic pattern. One reason for this is because it has far less needs than the majority of other […]
What is shark Pattern? The Shark pattern belongs to the harmonic pattern family of chart formations. Scott Carney introduced it to the trading world after conducting extensive research on Fibonacci-based harmonic patterns such as the Bat, Gartley, and Crab patterns. The Shark pattern, like other harmonic patterns, has a unique set of Fibonacci connections inside […]
Deep Crab Pattern On the chart,Deep Crab pattern Harmonic Trading varies from the Crab pattern in one major way: the swing point B. While the B retracement of a conventional Crab pattern is between the 38.2 percent – 61.8 percent retracement of XA, the swing point B of a Deep Crab pattern is at the […]
What Does the Harmonic Crab Pattern Entail? In 2001, the Harmonic Crab pattern known the Crab Pattern TM. Like other harmonic patterns, is a reversal pattern. As a result, the bearish Crab pattern indicates bearish price reversal and the bullish Crab pattern which indicates a bullish price reversal. And, like with other harmonic patterns, each […]
What is the Butterfly Pattern in Forex? The Butterfly is a reversal chart pattern that belongs to the Harmonic pattern family. Price consolidation is represented by this pattern. Its frequently observed towards the end of a long price move. Forex pattern may be used by traders to identify the conclusion of a trending advance. The […]
In this article lest discuss about Forex books to read by a Forex Trader. Even for seasoned hands-on investors, the world of foreign currency, or forex, may be intimidating. There are, however, a plethora of publications on the subject of currency trading, ranging from simple introductions to the forex market to expert fundamental and technical […]