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 illustrate how prices of currencies behave under different market conditions to help you identify trend reversals and initiate buy or sell orders. These patterns rely on Fibonacci ...
Trading tends to the upside affected by the momentum indicators; nevertheless, the harmonic structure is still suggesting continuation of the downside move after the completion of the current minor ...
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