February 6, 2024 3:22 PM EST
How to use harmonic patterns in trading
Each pattern provides a potential reversal area, but does not necessarily provide a specific price. The reason for this is that there are two different projections formed from point D.
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If all the expected levels are close to each other, the trader can enter a trading position in this area. If the projection zone spreads, it is better for the trader to look for further confirmation of the price moving in the expected direction. For example, a long-term projection zone on a chart where levels diverge by 50 points or more.
