The Trader's Perspective

[Sendme]

Market is closed and family is sleeping, time for some looking back to see what I missed during the past week.
Very interesting to see the amount of harmonic patterns that showed up during the current consolidation period on the US500 futures chart.

I guess if makes sense to see so many of them since consolidation is all about the big up and down swings to try and confuse us. (and take our money) LOL

I just printed out the patterns from this web site for the Harmonic patterns since it already has the ratios and profit targets listed for each one of the patterns.

http://www.profitf.com/articles/forex-education/harmonic-pattern-crab/


http://www.profitf.com/articles/patterns/forex-cypher-pattern/


http://www.profitf.com/articles/forex-education/harmonic-pattern-shark/


This shark pattern would have gotten stopped out first, unless profits were taken at a .382, but suggested target was the .618


Another Shark pattern, these seem to be great patterns for just barely taking out the highs and lows to give a false break out in either direction.


http://www.profitf.com/articles/forex-education/harmonic-pattern-butterfly/


http://www.profitf.com/articles/patterns/harmonic-pattern-bat/


http://www.profitf.com/articles/patterns/forex-cypher-pattern/