This is how I read markets with the aid of Harmonics. The "IFS"
As you can see we got numerous possible pattern formation right here. Even a soon to be completed pattern could be a possible n-point of a certain pattern.
Sample scenario on this market, GBPJPY. We got a soon to be completed Bullish Bat Pattern (Bull Bat 1) on the 88.60% of its XA leg. With that that could also be a potential B point of Bull Deep Crab. Take note that its a B point of a Bull Deep Crab. So now to have a valid Deep Crab price must retrace at least the 38.20% of the AB leg and that would be our C point (and will be invalidated once it breaks the A point). Now, does it make sense now why TP 1 (conservative targets) for the Pattern completion as always best at the 38.20%. If it does. Now you can trade like a market maker. Just apply your trade plan. And take note about confluences too. The more the better. ENJOY and Happy pippin' the market!
Sample scenario on this market, GBPJPY. We got a soon to be completed Bullish Bat Pattern (Bull Bat 1) on the 88.60% of its XA leg. With that that could also be a potential B point of Bull Deep Crab. Take note that its a B point of a Bull Deep Crab. So now to have a valid Deep Crab price must retrace at least the 38.20% of the AB leg and that would be our C point (and will be invalidated once it breaks the A point). Now, does it make sense now why TP 1 (conservative targets) for the Pattern completion as always best at the 38.20%. If it does. Now you can trade like a market maker. Just apply your trade plan. And take note about confluences too. The more the better. ENJOY and Happy pippin' the market!
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And the story continues...
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Take note of the Bull Bat 1 that is soon to complete around 137.506. An opportunity to go LONG. Follow your trade plan.
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Short opportunity coming right here on the GBPJPY:
