how to trade harmonic abcd pattern with confirmation
Updated
hey traders,
on these charts we have a perfect example of trading harmonic abcd pattern with confirmation.
first of all, on a 4h chart we have a completed abcd pattern, the completion point of the pattern
matches perfectly with the structure looking left.
however, two high momentum bullish candles on 4h chart make me look for a confirmation signal before taking action.
though, one of the confirmation signals can be the overbought rsi on 4h chart,
I am focused on the potential double top and bearish violation of a local support level on 30M chart to sell the market.
such strategy helps to avoid losing trades when the market is very bullish or bearish,
and easily breaks a row of supports or resistances.
good luck!
Note
breakout of support, market is going downNote
Almost hit th targetTrade closed: target reached
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