Advanced formations are a bit different from harmonic patterns. They differ in ratios and trading tactics... I'd say advanced formations is completely different approach (although patterns look like triangle on a chart - same as harmonic patterns).
Now back to the idea... We have a confluence of two patterns - a cypher advanced formation and a butterfly advanced formation. They point almost at the same level. So, the level becomes a level of interest. Let's see what happens if price goes to test the level.
Now back to the idea... We have a confluence of two patterns - a cypher advanced formation and a butterfly advanced formation. They point almost at the same level. So, the level becomes a level of interest. Let's see what happens if price goes to test the level.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.