how to trade harmonic abcd pattern with confirmation

21. März 2019

hey traders,

on these charts we have a perfect example of trading harmonic abcd pattern with confirmation.

first of all, on a 4h chart we have a completed abcd pattern, the completion point of the pattern
matches perfectly with the structure looking left.

however, two high momentum bullish candles on 4h chart make me look for a confirmation signal before taking action.

though, one of the confirmation signals can be the overbought rsi on 4h chart,
I am focused on the potential double top and bearish violation of a local support level on 30M chart to sell the market.

such strategy helps to avoid losing trades when the market is very bullish or bearish,
and easily breaks a row of supports or resistances.

good luck!

21. März 2019

Anmerkung

breakout of support, market is going down

21. März 2019

Anmerkung

Almost hit th target

21. März 2019

Trade geschlossen: Ziel wurde erreicht