‘Collectible-Level Knowledge’ Finally Someone Explained ‘Harmonic Patterns’ Clearly, with a Win Rate of Up to 78.7%, Used by Top Traders.
The most popular harmonic patterns include: 1. ABCD Pattern 2. Butterfly Pattern 3. Bat Pattern 4. Crab Pattern 5. Gartley Pattern 6. Shark Pattern
These harmonic trading patterns are often used by some top traders to identify potential trading setups, with an average win rate of up to 78.7%. Due to the difficulty of learning harmonics, ordinary traders find it hard to get started. Today I will conduct a lesson on harmonic pattern values. 👇👇👇 1️⃣ ABCD Pattern The ABCD (or AB = CD) pattern is undoubtedly the simplest of all patterns, consisting of three segments and four points.
First is the impulse segment (AB), then the corrective segment (BC), followed by another impulse segment (DC) moving in the same direction as the AB segment. By using the Fibonacci retracement tool on the AB segment, the BC segment should precisely reach 0.618. The length of the CD line should be equal to that of the AB line, and the time taken for the price to move from point A to point B should be equal to the time taken from point C to point D.
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I heard some friends say that their positions were liquidated, and I had mixed emotions. I also went through a liquidation, so I wanted to share my experience here. In fact, trading is very simple. First of all, you have to analyze the market. There are only three types of market conditions: rising, falling, and box. For example, the market is rising now, so we only do long orders. Further, we have to analyze the stage of rising we are in. For example, we are now in wave 5, and we are trading wave 5. We have to analyze the end point of wave 4. The end point of wave 4 has pulled back 50% to around 49,000, so we will ambush long orders near 49,000. Therefore, you must have a plan for placing orders, as the saying goes, "Plan your trades, trade your plans". Every trade must have a plan. Whether wave 5 will break the previous high, I was not 100% sure in August, so I took profits at 73,000, and re-entered the market after the market broke strongly. In addition, the first thing you must do when trading in the market is to learn to admit your mistakes. If the trend of the market is inconsistent with your analysis, admit your mistakes immediately and leave the market. Only look at the market, not the gains and losses. In the market, trying to save your funds is the first priority, the so-called survival first.
Some fans asked me how high the 5th wave will go? I said in August that the first step of the 5th wave will definitely reach the previous high of 73,700; in addition, it depends on whether the 5th wave is a weak 5th wave or a strong 5th wave. If it follows the technical trend, the 5th wave will reach 85,480. As a result, the 5th wave broke through the previous high near the previous high with the help of Trump's victory in the presidential election. The next step is to touch around 85,480. There is also a super strong 5th wave, which will technically reach 107,700; as for which one it will be after reaching around 85,000, whether it will be a super strong 5th wave or an ABC correction, it still needs to be judged in combination with fundamentals. Excessive bullishness and bearishness are not advisable. The resonance of technical and fundamental factors can increase our confidence.
The market rebounded very strongly today and did not start to fall from the neckline. The rebound went out into a small fifth wave and is currently in the last small C wave. After the small fifth wave ends, we will look at today’s closing price. The biggest shock in the past few days is Indispensable.
The hourly K-line of the big pie shows a 1-2-3 pattern of double tops. The daily closing should be covered by dark clouds. The bulls will rebound to the 65100 position and there will be a wave of decline.
The sharp drop from the previous high of 69,000 is expected, because there are too many profit-taking, short-selling, and hold-up orders at this position; from the end of the last flag-shaped consolidation to touching the previous high of 69,000 this evening, the middle point was about 6,000 points. The last flagpole The length is about 12,000 points. This time the flagpole is half of the last time. Therefore, it is speculated that the time for the flag-shaped consolidation this time should also be half of the last time. The specific shape of the flag-shaped consolidation needs to be observed. At the same time, the daily K will have to wait for a month. line, if the consolidation ends and breaks through the previous high strongly, then the upside space will be opened again.