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Top 5 Harmonic Patterns And How To Use Them
In the financial markets, prices oscillate up and down, resulting in unique price patterns. It is these patterns that traders rely on to understand the prevailing market condition and, at the same time, try to predict the future. Harmonics, or harmonic trading patterns are unique candlestick patterns in technical analysis that help traders understand price action and forecast where price might move. Harmonics are chart patterns that create geometric price patterns and help traders spot pricing trends. The patterns utilize Fibonacci numbers to define precise turning points. As a result, the patterns make it easy for ... (full story)