Harmonic Trading is a methodology which utilizes the recognition of specific structures that possess consecutive Fibonacci ratio alignments that validate harmonic patterns. These habits determine the Fibonacci areas of these price structures to acknowledge likely reversal points within the financial markets.
When put on the financial areas, this analysis of Fibonacci dimensions can define the level of cost action with regards to natural cyclical growth limitations of trading behavior.
The collective entity originating from all purchasers and vendors inside a specific market carry on with the exact same universal principles displaying cyclical behavior.
Harmonic Trading identifies repetitive circumstances through the chaos from the stock and forex areas.
Essentially, these habits are price structures which have mixtures of distinct and consecutive Fibonacci retracements and projections.
This is really the latest version in the ZUP v135 indicator that identifies the pattern “dragon”.
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