Harmonic Impulse Waves Conclusion

Although many Harmonic Impulse Waves are merely the precursor of complex patterns, these formations can be defined well in advance to define profitable short-term trading opportunities. Furthermore, the identification of these structures helps to classify price action within an expected technical framework that adheres to specific ratios. The understanding of harmonic structures like these helps to decipher price action more precisely and to define the potential future trend direction more accurately. The minimum 1.618 extension requirement is an important technical aspect of the structure and helps to differentiate this setup from other invalid candidates. Although Harmonic Impulse Waves are not the same as the traditional M-type and W-ty....