What is Butterfly Harmonic Pattern?
Last Updated on Friday, 13 January 2012 12:49 Written by FxTT Content Department Friday, 13 January 2012 12:48
Butterfly is one of the reversal harmonic patterns. It is a very strong reversal signal. This pattern was discovered by Bryce Gilmore and Larry Pesavento. According to these guys, this pattern is nearly 80% accurate. Figure 1 shows the two variants of Butterfly pattern. This pattern may look like Gartley pattern but it is not [...]
MoreWhat is Bat Harmonic Pattern?
Last Updated on Thursday, 22 December 2011 05:20 Written by FxTT Content Department Thursday, 8 December 2011 08:06
Bat harmonic pattern is a fairly recent pattern it was discovered by Scott Carney in 2003. Bat pattern is one of the reliable reversal harmonic patterns. This pattern is distinguished from other pattern by its Fibonacci ratios. In this article, we will look in detail about these ratios that define Bat Pattern. Bat pattern, as [...]
MoreWhat is AB=CD Pattern?
Last Updated on Friday, 11 November 2011 12:19 Written by FxTT Content Department Friday, 11 November 2011 12:15
Getting To Know More about AB=CD Harmonic Pattern AB=CD harmonic pattern is one of the many harmonic patterns that are extensively used to come out with a possible pattern of movement of currencies over a certain period of time. The main purpose of this particular Harmonic trading pattern is to enable the investor to move [...]
MoreWhat is Harmonic Price Patterns?
Last Updated on Wednesday, 2 November 2011 04:39 Written by FxTT Content Department Tuesday, 1 November 2011 06:44
Understanding Price Patterns Better Through Harmonic Patterns Theory It has been proved beyond a reasonable amount of doubt that harmonic patterns have been very successful in over 70% of predictions when it comes to identifying price patterns in the forex market. It goes without saying that the main purpose of being in the in the [...]
MoreWhat are Support and Resistance Levels?
Last Updated on Monday, 3 October 2011 08:07 Written by FxTT Content Department Tuesday, 4 October 2011 12:30
Support and resistance levels are one of the basic concepts of technical analysis. Many traders look for these levels and apply them in their trading strategy. Support Level A support level is a price level where the demand starts rising as the price is going down. Support levels are below the current price levels. As [...]
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