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Harmonic Pattern - Price action trading.

 8. Price Action Trading - Harmonic Pattern.

  • In order to be profitable in stock market, along with support and resistance level. We need to trade with pattern such as double bottom, head and shoulder pattern, harmonic pattern etc..

  • Here are some pattern formation which indicates bullish and bearish trends in the market. 




  • These patterns exact look like double bottom and double top, if it is double top then bullish trend is nearby, or if it is double bottom pattern look like then bearish trend. 
I have an example of the real market chart in the below images. 








As you can see the harmonic pattern worked in the real market. Always keep SL according to your risk appetite. 

I hope the above information is helpful.

Happy Trading :)

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