so i’ve been trying to work with harmonic patterns as the next stage in my forex education, and i’m trying to figure out what harmonic pattern this is. i was back testing and if anyone else caught this they would’ve profited 450+ pips as the market shot right through the 1.618 extension. the only bullish pattern that i can find that’s close is the cyper pattern
Attn mods, please move this thread to the chat patterns sub forum of newbie island
Hey.
It looks like there’s a bullish engulfing pattern, followed by a piercing pattern at the bottom of the downtrend (29th Aug)?
Callum.
Calmac212,
Thanks for the reply. I am not familiar with reading candle sticks as you are referring to, so I’ll have to research that a bit unless you can go into details?
As far as harmonic patterns are concerned, I’ve determined that it is in fact a shark pattern, bullish of course, that developed there that I had outlined.
Random question, does the 212 in your nickname refer to the NYC area code? Just asking because I live there. Thanks!