Generating Income with Chart Patterns
Profitable Chart Patterns include Fibonacci Price Patterns, Harmonic Patterns, Elliott Wave, X3 Chart Patterns as well as other price patterns. Chart Patterns are the good buy and sell signal generator for Forex and Stock trading. Chart Pattern can provide you the early signal at the turning point, which may be position at reversal or coninuation area.
- Fibonacci Patterns: the ratio 0.618, 0.382, 0.618 for Fibonacci Expansion and Fibonacci Retracement
- Harmonic Pattern: Butterfly, Gartley, Bat, Alternate Bat, AB=CD, Shark, Crab, Deep Crab, Cypher, 5-0 Patterns, 3 Drives Pattern and so on
- Elliott Wave Pattern: Impulse Wave, Motive Wave, Corrective Wave
- X3 Chart Pattern: any chart patterns that are expressable in triangle or zigzag forms like Fibonacci Pattern, Harmonic Pattern, Trident Pattern, Horse Pattern, Eagle Pattern, Phoenix Pattern, etc.
- Triangle and Wedge Patterns: rising Wedge, falling Wedge, symmetrical triangle, ascending triangle, descending triangle, etc
Unlike other technical indicator, Chart Pattern are not lagging and they are fast. Hence, chart pattern helps the trader to enter ahead of other trader. In addition, Chart Patterns are useful because they are easy to combine with other technical analysis for final trading decision. In this technical analysis book, we provide the details of these chart patterns used in Forex and Stock market with some practical tutorials. In the book: Profitable Chart Patterns in Forex and Stock market, we explain how to make the best use of Chart Patterns for your trading. What is even better, we have included the bonus chapter for support and resistance.
Website links: https://algotrading-investment.com/portfolio-item/profitable-chart-patterns-in-forex-and-stock-market/
Below is the Harmonic pattern, Elliott Wave patterns and X3 pattern detection tools developed for MetaTrader, the most popular Forex Trading platform.
1. Harmonic Pattern Plus
One of the first automated Harmonic Pattern detection tool released in 2014. It can detect 11 most popular harmonic patterns with well-defined trading entries and stops. Pattern Completion Interval, Potential Reversal Zone and Potential Continuation Zone are supported. In addition, other dozens of powerful features are added like Japanese candlestick detection, etc. Because of affordable price, this harmonic pattern detection indicator is loved by many traders.
2. Harmonic Pattern Scenario planner
It is an advanced Harmonic Pattern indicator. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern tool designed for Professional harmonic pattern trader. Because of affordable price, this harmonic pattern detection indicator is loved by many traders.
3. X3 Chart Pattern Scanner
X3 Chart Pattern is our next generation Chart Pattern Scanner. This is non-repainting and non-lagging Harmonic Pattern Indicator. On top of that, this tool can detect Elliott Wave Pattern and X3 Chart Patterns. It can detect over 20 Chart Patterns. The bonus is that you can also detect around 52 Japanese candlestick patterns.