I was looking at a harmonic pattern software and they were saying there are no redraws. Why are redraws bad? Wouldn't it be helpful to redraw the pattern so it works?
I was looking at a harmonic pattern software and they were saying there are no redraws. Why are redraws bad? Wouldn't it be helpful to redraw the pattern so it works?
Ignored
zach-
The answer to this should be obvious.
If you have for example a harmonic pattern on an H1 chart that triggers a signal to buy at the close of the candle only to find several hours later that it redrew the pattern and gave a new signal and has dropped 150 pips. Your decision to buy the first time it gave a signal will now most likely have hit your stop loss.
