Profitable Patterns include Fibonacci Price Patterns, Harmonic Patterns, Elliott Wave Patterns, X3 patterns as well as many other tradable patterns.
Some people might be curious how they are different from technical indicators widely used by trader like MACD, RSI, Moving average, etc.
Let us put things simply like this. Technical indicators are based on applying some calculation or algorithm on the series of historical prices.
Patterns are those geometric shape you can draw in your chart by connecting several price points.
Loosely speaking, patterns are drawing and technical indicators are math. Of course drawing (i.e. pattern) is much easier to understand in comparison to math.
Scientifically reproducible patterns are profit generating tools for trader.
Hence, profitable patterns are the good buy and sell signal generator in financial market. It provides you the early signal at the turning point. Unlike other technical indicator, you are not lagging with these patterns. Hence you can always move ahead of other trader.
In addition, it is useful because it is extremely easy to combine with other analysis technique in your trading decision.
In this short book, we provide the winning logic of profitable patterns in Forex market + how the combined money management can grow your capital ahead of other trader.
In this book below, we explain how to make the best use of profitable patterns for your trading. What is even better, we have included the bonus chapter of support and resistance.
Profitable Pattern Scanner is the most powerful pattern recognition software in the market. This is non-repainting and non-lagging Harmonic Pattern Scanner. On top of that, this tool can detect Elliott Wave Pattern and X3 Patterns. As a bonus, this scanner can detect around 52 Japanese candlestick patterns for your trading.