I haven't described all the harmonic analysis patterns yet

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LiteFinance: Let's study the AB=CD harmonic pattern in the example of the bitcoin/dollar chart |  Litefinance After point (D), we see a reversal of the black candle on the chart, indicating that the pattern has formed PRZ (price reversal zone), which confirms that point (D) is in the right place and we can close the purchase order. 2. When the point is identified (D) Then, there is a variant, when point (D) is found. As we study the bearish AB=CD pattern, it is logical to expect the correction after the reversal point, PRZ.​ LiteFinance: Let's study the AB=CD harmonic pattern in the example of the bitcoin/dollar chart |  Litefinance However, in a super bullish market, such as cryptocurrency, I would not recommend beginners to open short positions, for educational purposes, I should also describe this trading strategy. In this case, our key points will be the following: SELL – at the level of intersection with point (B).

SLZ – above point level (D) PPZ1 - at 0.382 CD level PPZ2 - at 0.618 CD level TP1 – at the level of point (C) TP2 – at the level of point (A) As we see in the graph above, of all the objectives we set, only point PPZ1 worked. But even in such a case we Peru Mobile Number List  can not only avoid losses, but even make some profits. Time zones will help us (they also work for the first variant) As I said in my previous article, time zones mark the period of time when a key point must be found. In our case, it is the end of the correction. It is built from the moment of the last edge in the area from 1.38CD to 2.681CD.​ LiteFinance: Let's study the AB=CD harmonic pattern in the example of the bitcoin/dollar chart |  Litefinance As we see in the image, after having covered more than half of the marked zone, the price did not exceed the PPZ1 level, which is the signal to review the objectives and close short positions. I want to emphasize that using only harmonic patterns without additional confirmatory indicators involves high risks.



However, since this pattern works on any time frame, it will be a good additional tool for your trading strategy. ... wait for the continuation Good luck everyone and good profits! Sincerely, Mikhail  I will appreciate it if you leave me a link when using these materials.​ PS Did you like my article? Share it on social networks, it's the best, thank you Ask questions and comments about the material below. I will be happy to respond and give the necessary explanations. Helpful Links I recommend that you try trading with a trusted broker here . The system allows you to trade yourself or copy the trades of successful traders around the world. Use my promo code BLOG to get a 50% deposit bonus on the LiteFinance platform. Simply enter the promo code in the appropriate field when depositing to your account on the LiteFinance platform and the bonus will be credited simultaneously with the deposit.