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Forex Bible
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Forex Bible
Expert
Concepts
Concepts
Harmonic Trading is a methodology that utilizes the recognition of specific price patterns and Fibonacci ratios to determine highly probable reversal points in Forex.
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An Area of Convergence. History has proven that a convergence of Fibonacci numbers and price patterns provides a highly probable area for a reversal.
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Since a particular market's trading action is exhibited through individual price bars, it is important to have understanding of these formations.
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The markets often provide clues to determine future price action. Although anything can happen in the financial markets, harmonic set-ups that experience price action that acts completely opposite to what is anticipated usually will provide signals to indicate the flawed nature.
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