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Harmonic Trading Patterns in Forex by Mwelwa is a document available to read on EtoBox.

This document provides an overview of several common harmonic trading patterns in currency markets: - The Gartley, Bat, Butterfly, Crab, and Cypher patterns each involve 4 price movements between points A, B, C, and D that conform to specific Fibonacci retracement levels. - For example, in a Gartley pattern the AB move is typically 61.8% of XA, while BC is 38.2% of AB and CD is a 126.2% extension of BC. - Identifying and analyzing these recurrent patterns can provide insights into currency price trends

Author

Mwelwa

Language

EN