I have opened this thread to reveal my trading "strategy" in the hope that it will be of use to some people on this platform.
Harmonic patterns are reversal patterns, but as most people say they "repaint" and that makes them difficult to trade.
The way I trade them is to look for patterns at clear supply and demand levels where price has already shown its desire to reverse. I look for QM, Diamond, Engulfs, Compression and FTR.
I like how advanced supply and demand complements Harmonics and vice versa. I will be sharing some pictures to illustrate this.
Harmonic patterns are reversal patterns, but as most people say they "repaint" and that makes them difficult to trade.
The way I trade them is to look for patterns at clear supply and demand levels where price has already shown its desire to reverse. I look for QM, Diamond, Engulfs, Compression and FTR.
I like how advanced supply and demand complements Harmonics and vice versa. I will be sharing some pictures to illustrate this.