Trading an Interesting Market Pattern

Presenting and Trading the Butterfly Harmonic Pattern

Sofien Kaabar, CFA

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Image source: www.pxfuel.com
Image source: www.pxfuel.com

Harmonic Patterns are one of the powerful advanced price action techniques that are used to detect reactions. The thing that works about Harmonic Patterns is that they use the confluence method, meaning that they expect reactions from clusters of certain levels defined by Fibonacci retracements.

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