As you can see harmonic patterns is a common and recurrent phenomenon . It is basic yet advanced level of price action that beginners and even many experienced traders often dont notice. Price swings with specific retracements and/or extensions form certain patterns known as harmonics. Point D which completes the 4th price swing to form the respective harmonic pattern will be at a key fibonacci level which highlights a price reversal zone for sniper entry . The Setup not only gives you perfect entry but gives u with great risk to reward with small stop loss parameters and take profit target levels .
