Harmonic theory, also known as harmonic trading patterns, is an expected morphology.
In its flag with the traditional form, triangle, double bottom, double top head and shoulders head shoulder and wedge is different, we don’t need the price increase or decrease in the later found that the chance of admission, but on the contrary, harmonic form through a lot of case summary, often can find the entrance before market launch.
In the middle harmonic pattern is a highly repeated pattern, when the price is out of the corresponding pattern by a specific behavior, the trader only needs to trade according to the pre-planned trading plan.
The characteristics of using harmonic theory to make a single are: clear entry point, reasonable stop loss point, ideal stop surplus point, and do not need to stare at the plate at all times.
Harmonic theory is really about making the market work for traders, rather than slaves to the market.
The trading mode of harmonic theory is completely following the principle of “buy low, sell high”. Therefore, whether buying or selling, the price is very ideal, and the profit and loss ratio of at least twice the risk value can be earned with a small risk.
The harmonic pattern is not only applicable to the foreign exchange market, but also exists in every market and every time period. As long as the “decoder” of the market can be mastered, traders can continuously find high-quality trading opportunities in the exchange market.
