Pattern Completion Zone

Pattern Completion Zone, also known as Pattern Completion Interval, is the trading zone found in various price patterns like Triangle Pattern, Falling Wedge Pattern, Rising Wedge Pattern, Fibonacci Price Pattern, Harmonic Pattern, X3 Chart Pattern, Elliott Wave pattern and so on. In its definition for the Harmonic Patterns, Pattern Completion Zone is the price range in which a future price will hit the Point D to form the Harmonic Pattern with certain pattern matching accuracy, given what has already been observed in the price series. Normally, corresponding pattern matching accuracy is 90% and 95% for the Pattern Completion Zone.  Tipically, Pattern Completion Zone is drawn as the box around the Point D to help you to determin the right entry and exit point for your trading. Typically, you can use the pattern matching accuracy over 80% to define your pattern completion zone. The same concept of Pattern Completion Zone can be applied when you detect the chart patterns like Triangle Pattern, Falling Wedge Pattern, Rising Wedge Pattern, Fibonacci Price Pattern, X3 Chart Pattern, Elliott Wave pattern and so on.

Pattern Completion Zone is very useful technical anlaysis concept first appeared in the Book: Guide to Precision Harmonic Pattern Trading (Young Ho Seo, 2016). Pattern Completion Zone is significant because it provides the edge to the price pattern or price action trading taking them from the loose science to more measurable science.

Usually, the Pattern Completion Zone is the box zone around the point within the path of the price pattern. The point means either peak or trough in your chart. For example, in ABC Fibonacci price pattern, the pattern completion zone can be formed in point A, point B and point C. However, the the Pattern Completion Zone at Point C is probably most important for your trading.  Likewise, in the Harmonic Pattern, the Pattern Completion Zone can be formed in any point in XABCD point. However, the Pattern Completion Zone at Point D is most important for your trading.

Just for your information, here are some Harmonic Pattern Scanner that automatically detect patterns and calculate the Pattern Completion Zone for your trading. These tools will save you a lot of time if you are trader as they are automated pattern scanner.

Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the powerful but they are the repainting Harmonic Pattern Scanner. At the same time, they are cheaper. If you do not like the repainting harmonic pattern indicator, then you might have to check the X3 Chart Pattern Scanner below.

https://www.mql5.com/en/market/product/4488

https://www.mql5.com/en/market/product/4475

X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern  and X3 pattern Scanner.

https://www.mql5.com/en/market/product/41993

https://www.mql5.com/en/market/product/41992