Harmonic Currency Pair Cross Index | Currency Futures

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Harmonic Currency Pair Cross Index

  #43 (permalink)

Edmonton, Canada
Posts: 187 since Apr 2011
Thanks: 12 given, 162 received

Triplets Mrs. Armacost, triplets. (of course, in the movie she had "twins").

A triple convergence in the Standard Harmonic Pattern. Again, you can see that point C, was very non-traditional in that it almost reaches 100% retracement. There are some who say you should not trade that because it does not fit a precise set of ratios. My experience has been that such precision in the ratios is not really necessary, as long as the Harmonic Pattern has a good point B ratio. The quality, or reliability of the pattern seems to anchor around the quality of point B. Here we three connected Standard Harmonic Patterns with three (3) not so traditional placements for the C ratio.

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