Thank you for visiting and Welcome to excellent way to learn about Harmonic Trading. This site will be updated regularly and will focus on presenting harmonic trading and harmonic patterns together with practical tips / tricks / hints to trade patterns like Gartley, Bat, Butterfly, Crab and 121 successfully. Lots of methods ilustrated with detailed exmaples. Your valuable comments will be added here or taken for further discussions on the TradingArsenal Forum . Note that from the TradingArsenal site you may download a test version of our korHarmonics - harmonic and price patterns recognition indicator (MT4 only). Examples are taken mainly from www.AMPmonitor.com - powerful web based platform that scans and alerts you on the price patterns and harmonic trading opportunities (check for more info on AMP indicator and AMPmonitor).

Tuesday, July 10, 2012

reversal versus continuation Butterfly pattern

Most popular position for the butterfly pattern is the end of a trend. We all like to catch end of wave 5, and butterfly simplifies it. Pattern forms on Wave4 and Wave5. Most of butterfly examples you will find on the www.TradingArsenal.com Forum are for the reversal butterfly scenario. Like this one here: 


Continuation butterfly instead happens at the end of correction:


For more on the butterfly pattern visit: Butterfly pattern - Table of Content on the TradingArsenal Forum.

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