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Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets
book

Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets

by Scott M. Carney
May 2010
Intermediate to advanced content levelIntermediate to advanced
288 pages
6h 26m
English
Pearson
Content preview from Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets

Chapter 4. Harmonic Patterns Relative to the Trend

Patterns with the Trend

When analyzing patterns within a defined trend, it is important to be mindful of the general principle that all patterns are primarily signposts of potential future price action. Regardless of what type of pattern may form, a complete structure represents some type of corrective price action within the context of the larger trend. Such patterns provide clear signals of continuation points that confirm the predominance of the existing trend. These formations are critical because they can indicate execution areas within well-established trends that otherwise might seem futile.

There are many situations where a well-established trend has persisted for such a long time ...

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Publisher Resources

ISBN: 9780132171762Purchase book