Monday, March 10, 2014

FOREX THEORY


Harmonic Price Patterns

In this lesson, we’re going to discuss the following Harmonic Price Patterns:
-ABCD Pattern
-Three-Drive Pattern
-Gartley Pattern
-Crab Pattern
-Bat Pattern
-Butterfly Pattern
-Phew! That’s quite a lot to cover!

But don’t you worry… Once you get the hang of things, it’ll be as easy as 1-2-3! We’ll start off with the more basic ABCD and three-drive patterns before moving on to Gartley and the animals.
After learning about them, we’ll take a look at the tools you need in order to trade these patterns successfully.

For all these harmonic patterns, the point is to wait for the entire pattern to complete before taking any short or long trades. You’ll see what we’re talking about later on so let’s get started!





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