As trading is an industry that allows you to trade the rise or fall of currencies, it requires a great deal of knowledge to succeed. When it comes to knowledge, we have harmonic patterns. Wondering what these are, find out in this article, the necessary information about them.
Harmonic patterns in a nutshell
Breaking through in trading while taking good positions requires mastery of technical analysis. For this purpose, we have as analysis tools the harmonic patterns on which you will get more information on https://patternswizard.com/technical-analysis/patterns/harmonic-patterns/. Indeed, these harmonic patterns are very effective tools that will help you predict the possibilities of reversal of upward or downward trends on the markets. In addition, these patterns are accurate and allow you to take your positions at the beginning of trends. Being of various patterns, each of these patterns has its own specificities. In fact, harmonic patterns are patterns drawn in M-shape and W-shape, so these different types of patterns have their own specificity due to Fibonacci retracement and extension.
Some harmonic figure patterns
As harmonic patterns aim to perfect your technical analysis while allowing you to increase your rate of return, they come in various patterns. Indeed, speaking of these patterns we have as an illustration those with five ends XABCD in the form of W and M. Indeed, as far as these harmonic figure patterns are concerned, we have several of them. These are the Gatley, Bat, Butterfly, Cypher, Butter Fly, Shark and the Crab. In fact, for each of them, the BC segment has a precise retracement level and the CD a precise extension level. We also have the special N-shaped harmonic pattern with three ABCD ends. This is also based on the Fibonacci series. Thus, B has a precise retracement level and D has a precise extension level.
Similar articles
Advantages and Risks of Online Sports Betting
The digital era has ushered in a whole new world of convenience, including the realm of sports...
Spend a great holiday in Riquewihr
France is one of the most popular countries for tourists worldwide. The reasons for this are many...
Options trading platforms : All in one
Just a few years ago, it was enough for a broker or platform provider to focus on its desktop...
Online game: How to play Mines?
Online gaming is a popular pastime, and Mines is a classic game that has stood the test of time....
Some tips to save money on iHerb
IHerb is an online store that is in full swing in the world today. Thus, it is possible to buy...
How to find a good online casino?
Are you a lover of aviator or pin-up casino games and are you looking for a reliable casino site...
When is the hurricane season in Cancun?
Mexico is a tourist destination thanks to its paradisiacal places. Among these places, Cancún,...
The importance of tracking responsibilities in relation to various areas
Technology has made life easier and more convenient in many ways. However, many modern devices can...
How to make time lapse videos with an Android?
Many people today prefer to use their mobile phones to make video recordings than to use a camera....
What are the main advantages of automation ?
With the right tools, it can be very easy and interesting to automate IT operations. Understanding...
Why take an Aztec garment?
For a timeless and casual style of clothing, it is often recommended to take an Aztec garment....
Some Advantages of Music Streaming Sites
Before, it was not possible to listen to music online easily and the music was stored on small MP3...
How to choose a good handpan?
There are different musical instruments, like the handpan. Your choice should not be made at random...
Where to find a serious and romantic transgender in Denver
You are experiencing difficulties in establishing a stable love relationship because you are a...
The effectiveness of sassy cidre
There is always a reason attached to the fabrication of every product. That is to say that there...
What are contact centers used for ?
Several approaches are deployed by companies to improve the quality of customer relations. But the...
Msi gt72s 6qe dominator pro g: about and its advantages
Msi gt72s 6qe dominator pro g is an adaptor for laptops with great potential. This product is...
All about payroll outsourcing
When you have a business and you don't have time to manage your administrative activities, you can...
2 reasons why you should start an affiliate program
It's all very well to have good products and services to offer, but you still have to make them...
What you need to know about a connected weather station
Meteorology essentially studies the weather in each region of the world. As a result, it can...
Why set up a good mail checker ?
The number of people who communicate via e-mail addresses is constantly increasing. However, it is...
Benefits of EDM for businesses
Do you want to bring your business into the digital age? Yes you need a GED. What do you need to...
Why install a bathroom mirror ?
Any kind of shower needs to have a number of features without which it cannot be a shower. This is...
How to organise a good party at home ?
Whether it is to celebrate a birthday, a new year or a new promotion, organising a successful...
Comment utiliser le combo soudeur mig ?
Le combo soudeur mig est un appareil de soudure facile à manipuler. Néanmoins, son utilisation...
How to choose the best web marketing agency ?
Web agencies have multiplied in recent years and this can be seen almost everywhere, especially on...
Tips for installing a residential pool
Having a swimming pool at home is a great pleasure. One is exposed to swimming every day. Swimming...
Installation of a shower in the bathroom: how to proceed?
Having a bathroom requires that it is also installed the necessary accessories. To modernise your...
Tips for disabling your home alarm without using a code
Alarms play a very vital and strategic role among your home protection devices. They are...
Affiliate marketing: what are its potential advantages?
Affiliate marketing is one of the best online businesses. It really has several advantages. Indeed...
What to know about the Messenger chatbot?
For a company, it has always been essential to foster a good relationship with the customers....
How to prevent the loss of your dog?
Losing your pet is a stressful situation that no one would want to experience. To avoid such events...
How do you choose a good winter coat?
Keeping warm during the winter is an important reason to buy a winter coat. But choosing the right...
Children and the immune system
Our immune system is a collection of cells, tissues and organs that, throughout our lives,...
Fake news: What to know?
A great fight is underway against false information that people divulge in bad faith. But what...
3 things to do after finding a missing cat
Suddenly coming across a stray or house cat in your room, especially for the first time, is not an...
What are the differences between VoIP and traditional telephony?
For companies that have a good internet connection, VoIP is a valuable alternative to traditional...
All about a chatbot
You may have already heard of a chatbot, but you don't know what it really means. In short, it's a...
How to get a home loan in Singapore?
Finding a home loan that fits with the various difficulties associated with expatriate status is...
What you should know about cash loans
It is a fact that when you have a big project to realize like building a house or maybe purchasing...
How to win online roulette?
Winning at online roulette is still not easy, especially when you are a beginner. However, there...
Online shopping: What you need to know
It’s a fact today that online shopping is part of our daily lives. It’s one of the fastest ways of...
Plush dragon : a seductive toy
Do you want to please your children, but you don’t know which toy to choose ? Well there are...
To the discovery of some breeds of hunting dogs
Since time immemorial, man has domesticated wolves which evolved in contact with man and gave the...
Registering on a dating site: some tips for a unique experience
Happiness has no age. But more than all these nice words, pleasant company is priceless. Indeed,...
How to make a lost or stolen dog flyer template?
Dogs are the most adopted pets in the world. They quickly develop a great affinity with their...
What do I need to know about a chatbot ?
A chatbot is a computer program that is set up to perform a specific activity and to answer...
Authority and submission in the couple: what women do not always know
One of the hot topics today is women's empowerment. Even if women have succeeded in rising on...
How to create a successful company in four steps
If you want your business to become a great empire, you should create a company. You should find...
Where to go for your next holiday?
Little by little, we are seeing the end of the coronavirus tunnel, and we will soon be going to...