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 ...
Harmonic patterns can be used to spot new trading opportunities and pricing trends – but only if you know exactly what you are looking for. Read on to learn about the top harmonic patterns, and how to ...
SPY, the ETF for the SPX index, has an intraday chart perspective of harmonic patterns playing out very well. Currently what this does is help price test extremes of a sideways range, but these ...
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...
In the financial markets, prices oscillate up and down, resulting in unique price patterns. It is these patterns that traders rely on to understand the prevailing market condition and, at the same ...