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).

Monday, August 13, 2012

121 pattern internal structure in Elliott Wave theory

We believe that when we talk about 121 pattern (in context of the Elliott Wave Theory) we talk about flat correction.

Based on this theory we should look for the following internal 121 pattern structures (1 case only, comparing to 4 cases for the Gartley pattern):


To read more about flat corrections, 121 internal structure and more ... check our TradingArsenal knowledge base on the 121 pattern -> trading 121 pattern - Table of Content  


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