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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (97243)	3/26/2020 11:07:13 AM
From: Qone0	2 Recommendations Recommended By ajtj99 catou1 Read Replies (1) \| Respond to of 99985

LG, harmonic patterns are suppose to be traded only when they complete. They Identify likely points of reversal. They are reactive. They work about 80% of the time. Once the B point is exceeded, I've found they take on a predictive nature completing at about a 70% rate. The pattern fails if the B point is violated or the completion runs over the 2 fib on a crab. I don't trade in that time frame, although I will trade anytime frame if it completes. I live mostly in a 1 min and 5 min time frame.