Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. What is the difference between chart pattern and Harmonic pattern?

What is the difference between chart pattern and Harmonic pattern? in General Forex Discussion_67f83ac065b44

What is the difference between chart pattern and Harmonic pattern?

Discussion started on General Forex Discussion

Print
Pages: 1 ... 3 4 [5] 6 7 ... 14   Go Down

Lotus

  • Hero Member
  • Posts: 677
  • Points: 202
  • Likes Received: 29
  • Reputation: +2/-0
Harmonic pattern is a pattern that can be concluded that as a reversal direction is generally used to reverse direction and the graph is the formation of a pattern, one of which is this Harmonic pattern so the difference is that when you hit something on a graph you might find this Harmonic pattern
#61 - September 08, 2021, 06:24:59 AM

Morposis

  • Sr. Member
  • Posts: 480
  • Points: 5
  • Likes Received: 19
  • Reputation: +0/-0
the use of harmonic patterns in your trading analysis system. If you can use them, it means that you are very special in running this forex trading because not everyone can understand what Harmonic patterns are and harmonic patterns are included in the charts that occur in forex trading
#62 - September 10, 2021, 11:51:32 AM

Razor

  • Hero Member
  • Posts: 1055
  • Points: 607
  • Likes Received: 5
  • Reputation: +0/-7
I think both are the same, because basically it's just reading candle patterns, and we can use that for trading without indicators that we can combine with support and resistance areas
#63 - September 10, 2021, 11:22:35 PM

Sponsored

What is the difference between chart pattern and Harmonic pattern? in General Forex Discussion_6803a6c52eb12
#64 - Today at 08:37:32 AM

Lotus

  • Hero Member
  • Posts: 677
  • Points: 202
  • Likes Received: 29
  • Reputation: +2/-0
Have you ever seen a pattern that forms the letter M or w then it is called a harmonic pattern because when we find a shape with a pattern like that then it seems we find a Harmonic pattern which will bring us to the advantage if we can recognize and analyze the type of fauna
#64 - September 10, 2021, 11:50:28 PM

artasu

  • Hero Member
  • Posts: 1046
  • Points: 4121
  • Likes Received: 47
  • Reputation: +0/-0
Don't you know that harmonic patterns are part of the patterns that occur in charts because harmonics are a system or technique used on charts to be analyzed as good Open positions so that is a different thing
#65 - September 13, 2021, 01:50:47 AM

Arsy

  • Full Member
  • Posts: 243
  • Points: 48
  • Likes Received: 6
  • Reputation: +0/-0
Harmonic pattern is one of the shapes or patterns found on the chart because the harmonic pattern is an artificial pattern found by a trader
#66 - September 28, 2021, 01:36:44 AM

Gempi

  • Full Member
  • Posts: 237
  • Points: 2100
  • Likes Received: 16
  • Reputation: +2/-0
When you study the harmonic technique, you find a very exclusive pattern in the chart so the graph will form a patent Harmonic pattern and will allow you to open positions with that technique.
#67 - September 30, 2021, 06:01:32 AM

Aljazeira

  • Full Member
  • Posts: 230
  • Points: 8
  • Likes Received: 10
  • Reputation: +1/-0
When you use the harmonic pattern then I believe you are a great foreign exchange trader because by using the Harmonic pattern you will get a very high quality chart or position because this pattern is very difficult to analyze
#68 - October 13, 2021, 11:43:16 PM

Renesmee

  • Hero Member
  • Posts: 574
  • Points: 910
  • Likes Received: 45
  • Reputation: +3/-0
Of course it is very different. When you use support and resistance, you will learn about level lines. When you study a supply and demand, you will learn the area of the box that tends to open positions optimally.
#69 - October 15, 2021, 09:28:46 AM

Cimory

  • Full Member
  • Posts: 100
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
As far as I know it's the same, because it both read the pattern formed from the candlestick, so my second conclusions are the same, just different naming
#70 - October 15, 2021, 02:20:26 PM

Sponsored

#71 - Today at 08:37:32 AM

Dirinya

  • Sr. Member
  • Posts: 269
  • Points: 6
  • Likes Received: 5
  • Reputation: +0/-0
Harmonic Patern and Chart patern are part of the basic technical analysis in trading. However, they both have a different basis of analysis. If the Harmonic pattern takes into account the Rage and range of Price Movements by making certain patterns
#71 - October 15, 2021, 11:01:40 PM

sutarno55

  • Full Member
  • Posts: 160
  • Points: 668
  • Likes Received: 2
  • Reputation: +0/-0
The patern chart looks at the condition and position of the candle when it is combined with previous history which has a certain pattern without seeing the existing range limits. Just like we know in the chart pattern there are Head and Shuolders Patterns, Double Bottom, Double Top, Rising wedge, and so on.
#72 - October 15, 2021, 11:02:48 PM

Nesparius

  • Full Member
  • Posts: 219
  • Points: 0
  • Likes Received: 7
  • Reputation: +0/-0
In my opinion it is very different between support and resistance with demand and supply because indeed this technique is indeed both used as a detective area manually but in reality for open positions it is definitely different
#73 - October 15, 2021, 11:03:28 PM

traderpro

  • Sr. Member
  • Posts: 456
  • Points: 1017
  • Likes Received: 3
  • Reputation: +0/-0
chart pattern is a price chart pattern that occurs repeatedly, so the pattern can be used to predict where the price will move.
#74 - October 15, 2021, 11:04:09 PM

Aljazeira

  • Full Member
  • Posts: 230
  • Points: 8
  • Likes Received: 10
  • Reputation: +1/-0
Of course it's very different how to use it. When you want to make a level line then you can use support and resistance, but when you want to use an area that is suitable for you to use as a right positioning board then you can use supply and demand techniques so everything can be done in  one time
#75 - October 15, 2021, 11:05:52 PM
Print
Pages: 1 ... 3 4 [5] 6 7 ... 14   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. What is the difference between chart pattern and Harmonic pattern?

Members:

0 Members and 1 Guest are viewing this topic.


What is the difference between chart pattern and Harmonic pattern? in General Forex Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: