Harmonic Trading - Core Patterns

Beginner Questions Candlesticks, Chart Patterns, and Price Action
1

Hello Traders,

I thought I would start a new forum to keep active and to help those that could have questions and help participate with sharing ideas.

I wanted to keep this thread to just the [B]Bat, Butterfly, Crab and Gartley[/B] core patterns. There is a lot of crap in my opinion about people starting to just create their own patterns when it’s mainly just an ego trip they are on. The above patterns have been around for years and have countless statistics from those using them and this is my reason for wanting to stay to just these core patterns.

I invite all of you traders to share, contribute and post along side.

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nzdchf-4hr.jpg700×449 47.3 KB

NZDCHF 4 hour Bullish Butterfly Pattern

Pros:
I like how this pattern has the PRZ near the bottom of the channel

Cons:
Price action is strong going into the prz i would watch for a a test of the prz level first before getting in.