Employed by traders and investors globally, Fibonacci analysis helps identify future price movements within the framework of technical analysis. Arguably the most talented western mathematician of the middle ages was Leonardo Pisano – also known as Leonardo of Pisa or Fibonacci – the gentleman who unearthed Fibonacci relationships. The Fibonacci sequence 0, 1, 1, 2, … Continue reading Using Fibonacci levels in Your Trading
As the sea rises and falls along a shoreline, price action ebbs and flows in a similar manner. Perhaps one of the most disregarded facets of technical analysis, yet one of the most essential, is the identification of market structure. Many analysts identify market structure as an art form, constantly evolving from one phase to … Continue reading Basic Market Structure in the Forex Market
Successful traders always follow the line of least resistance – Jesse Livermore. While intricate trading strategies may impress, it’s unnecessary to succeed in the financial markets – keeping things simple is essential. Most trading systems have one thing in common: the trend. In retrospect, a trending market is easily recognised on a price chart. The … Continue reading Exploring the Power Behind Trend Line Studies in Forex
Developed by Scott Carney, the harmonic bat pattern, a variation of the Gartley harmonic pattern, is a 5-point retracement structure composed of Fibonacci measurements used to create a potential reversal zone, or PRZ.
Updated August 2020 While some disregard harmonic trading, others are incapable of operating without it. The Gartley pattern, sometimes referred to as a Gartley 222, was introduced by H.M. Gartley in his book Profits in the Stock Market[1], in 1935. Nowadays, however, many traders follow the teachings of Scott M. Carney. In his book, The … Continue reading Trading the Gartley Harmonic Pattern
