Hi guys,
with this idea i want to show you the beauty of harmonic patterns. Sometimes you see that price is consolidating and you don't know what to do because it seems it doesn't have a clear direction in mind. But when consolidation happens, patterns breed. You don't have to determine what the trend is because you don't care really. You're ready to trade on the way down as well as on the way up, and the D point usually comes in a structure point that will be storng enough to reject price action (of course this isn't always true). Bottom line is, when you don't know what to do, because price is ranging, look for harmonics, and the chart will be clear instantly.
If you have ideas/questions, feel free to comment below.
Otherwise, see you in the next chart!
with this idea i want to show you the beauty of harmonic patterns. Sometimes you see that price is consolidating and you don't know what to do because it seems it doesn't have a clear direction in mind. But when consolidation happens, patterns breed. You don't have to determine what the trend is because you don't care really. You're ready to trade on the way down as well as on the way up, and the D point usually comes in a structure point that will be storng enough to reject price action (of course this isn't always true). Bottom line is, when you don't know what to do, because price is ranging, look for harmonics, and the chart will be clear instantly.
If you have ideas/questions, feel free to comment below.
Otherwise, see you in the next chart!