Harmonic strategy with the indicator and forms of Harmonic
There are 7 patterns of harmonic .. Of course, we all know that the price moves in waves, whether it is down waves or ascending waves, then a corrective wave will come for the ascending or descending wave, which is in the following patterns
1- AB = CD
2- Butterfly model
3- Bat model
4- Gartley model
5- Crab model
6- Three Drives
7- 5 patterns
And we don’t want to get into complications about how to draw a harmonica manually.
The Harmonic indicator draws the Harmonic models automatically until the models are available
We also note that the indicator drew one of the Harmonic models when available … Here was the bounce and the points were earned.
How to use the harmonic index:
The indicator works with all of the frame’s “time frames”, and it is preferable to add an indicator such as the stochastic or the RSI to see saturation, whether buying or selling
Taking into account resistors and support.
The harmonic provides entry opportunities to exploit the correction
One of the advantages of the indicator is that it draws a square or rectangle in red with the Harmonic model, and it shows where the pattern can extend … You can also take advantage of the square and determine the levels of stop loss.